Tom Keene Talks to William Rhodes About Japan and China
Is Abenomics going to work? [Abenomics refers to the policy of Japanese Prime Minister Shinzo Abe to weaken the yen and promote inflation.]
Abe has a good guy in there, his new central bank head, [Haruhiko] Kuroda. But fiscal and monetary stimulus aren’t enough. They’ve had 14 of those plans in the last 15 years. They need deregulation and structural reforms.
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