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.
British prime ministers would invite union leaders and heads of industry to Number 10 Downing Street in order to thrash out wage deals over beer and sandwiches
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