Last week Prof. Núria Mas described Abenomics: the economic …
Japan’s Abenomics and the Money Multiplier
In recent months, Japan – the world´s third largest economy – has returned to center stage. On April 4, Japan embarked on a daring economic experiment. After two decades of stagnant growth and deflation, Prime Minister Shinzo Abe presented a “three arrow” program: Monetary stimulus to end deflation – the Bank of Japan launched the largest […]