My results with hotspot 1.7.0_51, clojure 1.7.0-alpha4 are 13s for python 
and 15s for clojure.

I also tested the python version translated to clojure:

(defn fib [n]
  (loop [n n a 0N b 1N]
    (if (zero? n) a (recur (dec n) b (+ a b)))))

Which was also 15s! I think all the time in the clojure version is probably 
spent in the bignum implementation. It seems the lazy-seq does not add any 
discernible overhead at all (at least in this microbenchmark).

user=> (time (rem (nth (lazy-seq-fibo) 1000000) 1000))
"Elapsed time: 15349.57006 msecs"
875N

user=> (time (rem (fib 1000000) 1000))
"Elapsed time: 15170.386957 msecs"
875N


$ time python fib.py
875

real    0m12.802s
user    0m12.733s
sys     0m0.032s

$ java -version
java version "1.7.0_51"
Java(TM) SE Runtime Environment (build 1.7.0_51-b13)
Java HotSpot(TM) 64-Bit Server VM (build 24.51-b03, mixed mode)

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