The Prime Minister of Japan is known for his economic plan: a 20-trillion yen "stimulus" plus negative interest rates, 2% targeted inflation.........you know the drill. It's a large version of ObozoNomics.
Yah, well, that best-laid plan has rolled over, dead.
Japan’s economy unexpectedly fell into recession in the third quarter, a
painful slump that called into question efforts by Prime Minister
Shinzo Abe to pull the country out of nearly two decades of deflation. --quoted at Vox Populi
An economist called "Krugman" has spent barrels of ink at the NYSlimes praising this (D) scheme. He has an honorable course to follow.
But he won't.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment