Ep. 308: Tobias Harris on Why Japan Matters
Macro Hive Conversations With Bilal Hafeez
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Japan's Economic Balancing Act
This chapter explores Japan's 'three arrows' economic policy under Shinzo Abe, emphasizing the interplay between monetary, fiscal, and structural reforms. It analyzes the effectiveness of unconventional monetary measures, fiscal policy adjustments, and the growing acceptance of modern monetary theory amidst high debt levels. The discussion also contrasts Abe's industrial strategies with those of his successor, Ishiba, while addressing the complexities of Japan's Government Pension Investment Fund and the impact of global economic conditions.
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