Statistics to Support Abenomics
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- We talked about "Abenomics". Last night on "Beat Takeshi's TV
Tackle", former Finance Ministry bureaucrat and economist Takahashi
Youichi presented the graph just shown to support a claim that BOJ
(Bank of Japan) is partly responsible for low economic growth.
- The graph shows (correctly) that money growth has slowed
consistently and dramatically since Q2 of 1990.
- Prof. Takahashi mentioned, also correctly, that Japanese financial
markets received a "double punch" in early 1990: the reduction in
money growth, and a severe tightening of regulation of financial
markets in an attempt to rein in "money game" (~~~~~)
manipulations.
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