Abenomics is one of the most aggressive economic experiments we have witnessed in the post-Marshall Plan developed world. The questions is whether the massive stimulus campaign can work when politically there will always be discomfort with the large deficits at the heart of the campaign. Deficit reduction is now coming online via tax increases. Below are some threads on what is happening in Japan as this occurs.
When 2013 began, I was bullish on Japan. I predicted Japan would outperform all other developed economies and it did both in terms of growth and in terms of its equities markets. A lot of this is simply a currency effect and the result of deficit spending adding to the bottom line of private companies. What is happening in Japan in terms of the political alignm...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.