Profiles

Real wages in Japan have been declining thanks to decades of expansionary monetary and fiscal policies. Now "Japanization" increasingly looks like a fate that awaits Europe.

Abenomics, Japanese Keynesianism on steroids, has made the rich richer, and all others poorer. 

Central banks have been at the center of the world's rapidly inflating housing prices.

Creative design of statistics cannot solve the persistent crisis. The core of the problem lies in a misguided economic policy that zombifies the Japanese economy and thus undermines prosperity.