Leading Japan Economist Says Abe On Right Track, But BOJ a Risk – The Wall Street Journal 12-05-13

Salient to Investors: Richard Koo at Nomura Research Institute said: Abenomics is finally addressing Japan’s fundamental economic problem: getting households and businesses to borrow. In this balance-sheet recession, consumers preferred to aggressively pay down debt instead of spending following the burst of the asset price bubble in the early 1990s. Companies

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In One Powerful Paragraph, Richard Koo Explains How The Fed Is Causing Bubbles – Business Insider 11-27-13

Salient to Investors: Richard Koo at Nomura said: Mini-bubbles can occur during a balance sheet recession, like this one. Not yet seeing a big bubble, but concerned about mini bubbles. In a monetary policy-driven market, money created by an accommodative central bank typically spreads throughout the economy and lifts markets. During

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The world in balance sheet recession – Real-World Economics Review 12-12-11

Salient to Investors: Richard Koo at the Nomura Research Institute writes: With massive private sector deleveraging continuing in the US and in many other countries in spite of historically low interest rates, this is no time for fiscal consolidation. There will be plenty of time to pay down the accumulated

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