Exorcising the Deflationary Demon
Since Japan’s problem is almost the mirror image of the turmoil buffeting emerging markets, there would be little downside in putting the pedal to the metal.
Since Japan’s problem is almost the mirror image of the turmoil buffeting emerging markets, there would be little downside in putting the pedal to the metal.
The third arrow struck a chord because it told people what they wanted to hear – that government can push a button and remake reality.
Hey presto! – the land of the pyramids morphs into a mid-century powerhouse.
This is as difficult as getting pandas to mate. The mood has to be exactly right. Even if all goes well, it’s going to take a long, long time.
The Japanese establishment is betting the farm on Abenomics. There is no Plan B. The man charged with ensuring the bet works is governor of the Bank of Japan Haruhiko Kuroda
Are choices of whether to have children or to take your own life moulded by “ki” too? If so, the conditions were ripe for change.
“It’s essential to raise taxes,” he says, cradling a well-aged Islay malt.
Yet surely it is much too early for the soil to be falling over the head of Abenomics.
So far the main beneficiaries of Abenomics may appear to be Chinese tourists and rich old ladies, but…
It would mark not the end of Abenomics, nor even the beginning of the end, but merely the end of the beginning