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Bond markets are imploring governments to issue more bonds – in other words, to borrow more money.
Abenomics
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On that basis, new highs should come sooner rather than later.
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Prime Ministers came and went with such frequency that they were likened to karaoke singers taking turns at the microphone.
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A glance at the Japanese banking system – and indeed at any bank branch, with its ranks of paper-shufflers – shows how much room there is for improvement.
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“Opposition” does not refer to minority parties in parliament, who remain irrelevant, but hardliners in the bureaucracy and their supporters
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Prime ministers came and went like karaoke singers taking turns at the microphone.
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Once upon a time it was possible to view all this as some bizarre, uniquely Japanese phenomenon. No longer.
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Abe himself is considered a “nationalist”, which is simply a way of saying a patriot that you don’t like
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The yen has acted as a financial version of the “wind of the gods” – the fortuitous typhoon that destroyed the fleet of Kublai Khan
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Yet successful conservative politicians are always empiricists, not idealists…