Japan’s Massive Return On Public Investment
It’s argued that Japan didn’t get a return of all its deficit spending in the decades after its epic financial bubbles burst. This could not be further from the truth. […]
Japan Defies Hard Money Economics
Japan proposes an interesting challenge to hard money economics, having embarked on seemingly massively irresponsible fiscal and monetary policies. One has to keep in mind that these lessons, as extraordinary […]
Buy Japanese Shares
Growth has returned to Japan’s economy, unemployment is low, and prices are peeping up again. Japanese shares are considerably cheaper compared to those of other developed markets, corporate profits are […]
Is Japan Caught In A Public Debt Trap?
So far, the Japanese economy has escaped the bursting of asset bubbles 3x the size of those in the US without suffering a depression or double digit unemployment. The price […]
Time To Fire Up Japanese Helicopters
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 […]
Japan, A Failed Keynesian State?
It’s popular in certain circles to depict Japan as a sort of Keynesian failed state, plagued by by near insurmountable economic problems such as an insurmountable debt burden. But Japan’s […]
The Japanese Endgame
Some argue Abeconomics has already failed. Others argue it will end in hyperinflation, or in a massive capital flight, or a bond market crash, or all of the above. Others […]
It’s Too Early To Write The Obituary Of Abeconomics
Some argue that Abeconomics alredy failed (after less than two years) and make it a showcase of failed Keynesianism. It’s too early to draw conclusions though. It’s funny, because what […]
Japanese Shares Still Worth Considering?
The Bank of Japan provided another shot of monetary stimulus, surprising markets all around. We think that under the conditions, they didn’t have much choice, there isn’t any clear alternative. […]
Jananese Shares are Still a Buy
We think that Japanese shares are still attractive, for a number of reasons. They are not expensive, haven’t done much this year, profits are good, big institutions are buying and […]