Mises Wire
Author:
Mihai Macovei
Online Publish Date:
growth stimuli, capital outflows surged. As investor confidence in domestic policies and market conditions eroded, capital increasingly left the country. Japan environment suffers from important labor market rigidities and hampered market competition. The former include outdated employment models, such as lifelong workers must work more productively only to maintain the same living standards. A policy change is needed to foster capital accumulation again. Yet in the wake of the