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MOSLER'S LAW: There is no financial crisis so deep that a sufficiently large tax cut or spending increase cannot deal with it.

Shirakawa Leaves Onus on Abe for Stimulus as Action Deferred

Posted by WARREN MOSLER on January 23rd, 2013

Monetary doesn’t do the trick in any case. If this leads to a larger fiscal adjustment give him credit for the assist, intentional or not.

Shirakawa Leaves Onus on Abe for Stimulus as Action Deferred

By Toru Fujioka & Isabel Reynolds

January 22 (Bloomberg) — The Bank of Japan (8301)’s decision to hold off on fresh monetary stimulus for a year puts pressure on the Abe administration to revive growth through fiscal measures and risks capping losses in the yen that aid export competitiveness.