Economics

Kuroda Foe Says Japan Will Prove Modern Monetary Theory a Mistake

  • Soros adviser turned lawmaker Fujimaki says Japan applying MMT
  • Abe and Aso have denied they are experimenting with MMT
Takeshi FujimakiPhotographer: Junko Kimura/Bloomberg
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A former adviser to George Soros known for his criticism of Bank of Japan Governor Haruhiko Kuroda says Japan’s reflationary policy amounts to Modern Monetary Theory and will prove to be a big mistake.