China 39;ignoring everything they learned39; exJapan govt official
Some Japan policymakers concerned over risk of 39;Japanization39;
China39;s property woes flagged by IMF as among key global risks
IMF points to differences between China, Japan39;s experience
IMF calls for 39;right39; policies to avoid Japanstyle downturn

MARRAKECH, Morocco, Oct 13 Reuters  Hiroshi Watanabe, Japan39;s former top currency diplomat, recalls how Chinese policymakers eagerly studied ways to avert a Japanstyle burst of an asset bubble that led to prolonged deflation and economic stagnation until around 2015.

Then they stopped. In the past seven to eight years, they seem to be ignoring everything they learned, said Watanabe, who retains close ties with incumbent policymakers. Under the Xi administration, China probably shifted its attention away from economics, he told Reuters.

Now, China may be paying the price. Inflation is stalling and its deepening real estate crisis was identified as among the biggest risks to global growth during the International Monetary Fund and World Bank meeting being held in Marrakech Oct. 915.

The world39;s secondlargest economy is in the spotlight as a country on the brink of Japanization, a term describing Japan39;s 15year period of low growth and deflation after the burst of an assetinflated bubble in the late 1990s.

Some Japanese policymakers are voicing concern partly since a prolonged slump in Japan39;s biggest trading partner will deal a huge…