Japan Embraced Debt As A Way Out Of Its Budget Crisis: It’s Not Working – Analysis
By Taiki Murai and Gunther Schnabl*
The sudden resignation of Japans Prime Minister Shinzo Abe has led to evaluations of his so-called Abenomics. Many have praised Abe’s aggressive monetary policy because the long shopping list of the Bank of Japan (government bonds, corporate bonds, ETFs and real estate investment trusts)...
