Do what I did and put out a contract on Kuroda! He destroyed JGB Futures, which was the greatest futures contract in the world.
why not let the economy contract but try to capture more market share or improve quality of life. A fully built out housing infrastructure could be seen as a plus. Eventually per capita wealth goes up as wages go up as the amount of workers goes down... people have more free time and that could lead to more kids... no? Why not let natural cycles work?
I traded JGB futures for 10 or so years when Kuroda's actions resulted in lower volume, narrower daily range, and sporadic price movement rather than that of an actively traded contract. Given these and other factors, brokers increased margin rates to as much as 5 times over SPAN.
Welcome back, Martin. You don't have to "help" with anything. I was just reminded of you telling me how Abenomics was an "unmitigated success" and pointing out how amusing that comment is in light of recent Japanese economic events.
Well, firstly, what I said then may not apply today (pls note "thus far" and a whole passage at the end of that post, which emphasized that). When/if facts change, I am perfectly happy to change my view. Secondly, what economic events, precisely? As far as I can see, real GDP is running arnd 1% higher than pre-Abenomics. Unemployment keeps going down, literally, every single quarter (latest 3.27%). Participation rate is going up, in particular women's. Sure, my current assessment might not be near the levels of "unmitigated success", but that's about it. As to your original post, I may have said it before. I really do expect better quality articles out of you. This one's seriously sub-standard.
I'm not obligated to post articles you pre-approve. As for what you said before not applying to today, I would think someone as supposedly educated in macro econ as you are would recognize dangerous policy when he saw it, and understand what can and will work, and what can't and won't prior to the passage of time. This doesn't mean you have to have the ability to see the future, but you should be able to recognize that what Abe put forth was inherently dangerous and would not work long term. Many others certainly did. But I'm curious, you still think Abenomics is a success? You think it's working? I just want to hear you say it. Try not to back peddle too much in your answer. Or was the extent of this already answered in the "GDP is running around 1% higher" hilarity and the unemployment statistic (which was never what Abenomics was intended for in the first place)?