Worthwhile Japanese InitiativeShinzo Abe has taken Japan off in a surprisingly Keynesian direction. Noah Smith points out, again, that he’s probably doing it for disreputable reasons, mainly old-fashioned LDP pork-barrel (katsu barrel? tofu barrel?) politics. But this may not matter. Noah also raises a different point: does Japan really need a big boost? He points to the low measured unemployment rate; after a couple of decade
Opinion | Chinese New Year (Published 2010)
