Japan debt Archive

Japan’s new vehicle sales mark largest fall in April

All looking very weak, probably weaker than expectations, and the (modest) new spending appears to be paid for by reductions in other spending, so no fiscal response yet. Headlines: Japan’s new vehicle sales mark largest fall in April Japan’s Wages Fall, Highlighting Risks to Economic Recovery Japan Passes Y4tln Emergency Budget, But ...Read More

Japan at Tipping Point as Debt Approaches Assets

The tipping point is the point where the deficit spending finally is sufficient to create enough aggregate demand to restore output and employment. Probably not quite there yet. And moves towards ‘fiscal responsibility’ further delay the restoration of output and employment. And note that even the bearish rate forecast, below, is hardly ...Read More