Japan's Peter Pan Problem - Bloomberg View
Unless Tokyo acts faster to lift living standards, Japan will never achieve Kuroda's desired escape velocity. My advice would be for Kuroda to talk less to the Japanese masses, and try to work some magic with Abe's government. Until the government does its part by loosening labor markets, lowering trade barriers and creating tax incentives to support entrepreneurship, Kuroda's yen printing won't save the day.
Thursday, June 4, 2015
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