Easy, queasy money.

Financial World [December / January 2013-2014], 2nd December 2013 The central banks of Japan, the UK and the US have been giving priority to stimulating demand because they believe their economies are operating below optimum level. The usual way would be to lower...

Economic policy must reflect business behaviour.

Financial Times (Letters), 26th July 2013 Sir, Robin Harding’s article “A mysterious divergence” (Financial Times, Analysis, July 25) shows how the change in the way management is paid has led to high profit margins and low investment. It should not surprise anyone...

Abenomics should take aim at structural reform

Financial News, a Dow Jones Company, 17th June 2013 A weak yen, a new governor of the Bank of Japan announcing a massive programme of quantitative easing, with the aim of ending deflation, and a rise of 2% of gross domestic product in government spending have caused a...

Abenomics.

Nikkei Veritas – Market Eye column., 7th April 2013 Japan suffers from a barrage of bad advice from economists, in which the new government seems sadly prone to believe. It is assumed that Japan’s economy has performed for many years below its potential and that...