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Abenomics: What follows the Money? A Response

Response by Chris Scicluna, Head of Economic Research, to the presentation by Professor Shumpei Takemori at a seminar held at Daiwa Capital Markets Europe Ltd. on 16th January 2014.

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Abenomics: What follows the Money?

Shumpei Takemori
Professor of Economics
Keio University
& Visiting Scholar
l'Università Ca' Foscari di Venezia

This blog article is a summary of remarks made by Professor Shumpei Takemori at a seminar held at Daiwa Capital Markets Europe Ltd. on 16th January 2014.

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Japan: Q313 Flow of Funds

With the BoJ’s massive monetary easing designed, in part, to drive investors out of safe assets and into riskier ones, the flow of funds data have taken on added significance providing evidence on the success or otherwise of these efforts...

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Abe & the Consumption Tax: No Nineties Throwback

Chris Scicluna

• Shinzo Abe looks set soon to give the green light to April’s consumption tax hike.
• That has raised fears of a repeat of 1997, when a similar measure coincided with Japan’s slide into deflation.
• But conditions are now very different to 1997 and we think such fears are overdone.

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A Tale of Two Cities

During twenty-plus years of economic underperformance, policymaking in Japan earned itself a (largely deserved) reputation for both its caution and its incompetence. Japan became an object-lesson in how not to run an economy...

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