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. […]
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 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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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. […]
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 […]