Inflation on Mars: the Global Implications of Corbynomics
The assumption that low inflation and interest rates are here to stay would be discredited – not just in the UK, but globally
Back to the future for the Yen
Currencies are inherently political and the history of the yen-dollar rate reflects the twists and turns of the US-Japan relationship…
Sun-dancing Kuroda Merits Another Term at the BoJ
The long gloomy years of deflationary stagnation, sometimes known as the lost decades, appear to be ending
Back from the Dead: the Rebirth of Japanese Stocks
These days Japan looks more like a model case in the management of an ageing, mature society
Can Abe Get His Mojo Back?
“Opposition” does not refer to minority parties in parliament, who remain irrelevant, but hardliners in the bureaucracy and their supporters
“I M Fired” – How the Asian Financial Crisis Helped Asia and Harmed the West
The ensuing collapse in the West’s financial credibility was equivalent to the Iraq War’s effect on its strategic credibility
The Brightening Message from Small Cap Japan
In the creative destruction that is supposed to characterize capitalism, destruction is always noisier and more eye-catching than creation
What Trump Means for Markets: The Great Reversal
Populism thrives under deflationary conditions, as in Japan and Germany in 1928-33, but populism in power often brings high inflation
The Kuroda Conundrum: Tapering or Fuelling the Helicopter
Kuroda signing off on a tightening would be like a sumo champion going on a vegan diet.
Abemon Go: Constitutional Reform and Reflation
Prime ministers came and went like karaoke singers taking turns at the microphone.