Five + 1 Surprising Scenarios for the Year of the Rabbit
2022 was definitely a “Roubini year”, but 2023 could well be a “Pinker year”
Blowback: Sunak, Kishida & the Supercompetitive Yen
Large currency moves always create winners and losers: the losers complain loudly while the winners count their profits and keep quiet.
Currency Crunch: The Yen is massively mispriced
Deflation could easily return
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