Severe Problems Looming for the Bank of Japan.

The Nikkei Financial Daily (Market Eye Column)., 29th May 2007 Central banks try to estimate whether the current level of output is below its equilibrium level. If it is, there is an “output gap” and inflation should not pose an imminent problem. The next question for...

Economic Forecasts and the Stock Market.

The Nikkei Financial Daily (Market Eye Column), 13th March 2007 The distinguished economist John Lipsky, who is First Deputy Managing Director of the IMF, recently remarked that the current state of the world economy was so good that we had the luxury of being able to...