- Japan hasn’t been able to break the debt-deflationary cycle that has plagued its economy for over two decades.
- Monetary policy isn’t likely to achieve it either.
- It’s time for bolder experiments, a fiscal package directly financed by the central bank.
- While not without risk, the risk of doing nothing shouldn’t be underestimated either.
Time To Fire Up Japanese Helicopters
June 5th, 2016 · No Comments