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Taiki Murai is research assistant at the Institute for Economic Policy of Leipzig University.
Labor and WagesMonetary PolicyWorld History
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.
Global EconomyMoney and BanksMoney and Banking
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.
Global EconomyBusiness Cycles
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.