Mises Wire
Author:
Gunther Schnabl
Taiki Murai
Online Publish Date:
In December 2012, Japan’s Prime Minister Shinzo Abe set out three arrows in his quiver to pull the country out of the more than 20 years lasting stagnation. Immense purchases of assets by the Bank of Japan, huge government spending programs and structural reforms should deliver a sustained recovery to the Japanese people. In the meantime, it is