Salient to Investors:
William Pesek writes:
- Unconventional policies have worked out better in the US than in Japan.
- Abe’s revitalization plan rests on two tired ideas – massive public-works projects and more monetary stimulus. Absent are steps to improve Japan’s economy, including tax reform, deregulation, joining free-trade agreements, empowering women, supporting entrepreneurs and increasing productivity.
Jeff Kingston at Temple University said tackling deflation requires much more than setting a target and opening the spigots, i.e. Abenomics.
Read the full article at http://www.bloomberg.com/news/2013-02-28/no-honeymoon-for-japan-s-new-central-banker.html
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