Inflation: The Japanese Exception
Inflation is the “monetary expression of distributional conflict”
How the Weak Yen will Re-energize Japan
Japanese products and services have become extraordinarily cheap relative to the foreign equivalents, as have wages, rents and asset prices.
The Inequality Games: Where Does Japan Place?
Chinese President Xi Jinping is starting to sound like an actual communist
Shirakawa: The Last Shogun of Hard Money
Other modern bubbles were as the popping of children’s balloons to the crash of the Hindenburg airship
Nikkei 30,000: Why it matters
As Kay and King write, “narratives change and evolve over time and need to be constantly challenged.”
The Covid Bubble: How and When will it Pop?
140 years later, comedian Beat Takeshi quipped that “it’s not scary to cross on a red light if everyone does it together.”
Moby BoJ: How the Bank of Japan Can Exit its ETF Trap
It would end up owning enough of the Japanese economy to gladden the heart of Karl Marx
At Last: Buffett Validates Abe’s Legacy
Abe’s project of resurrecting Japan as a confident, independent geopolitical player would never succeed without economic revival
The World Won’t Turn Japanese for Long: Inflation Is Coming
The last few weeks have seen more civil disorder in the United States and the UK than Japan experienced in two “lost decades.”
At Last – the Missing Arrow!
What went missing after the initial phase of Abenomics was the second arrow, fiscal stimulus.