Japan’s Reflationist Bet Is Running Out of Road

Commentary — FEE

On Monday, September 7, in Tokyo, an economist who has spent a year arguing that the Bank of Japan (BoJ) should wait to hike interest rates published a note saying it no longer can. Takuji Aida, who advises Prime Minister Sanae Takaichi, sits on her flagship growth-strategy panel, and 10 months ago he warned that …

Excerpt from FEE by Jake Scott. Shortened from the original; source wording retained. Licensed under CC BY 4.0: https://creativecommons.org/licenses/by/4.0/