The Eurozone’s (and Japan’s) deflation problem

I tend to be bullish on Europe – partly as a corrective to the mass of commentators who too early wrote off the crisis in the Eurozone as irresolvable. This optimism has been justified by the recent run-up in European equities, with developed European countries...

Japan’s Economically Challenged Pols

As Prime Minister Yoshiro Mori struggles through his term in office, it is tempting to say that Japan’s political leadership doesn’t matter. After all, authority over the country’s most important economic policies has traditionally rested in the...