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The Hill's Congress Blog: "Lessons learned from Japan’s failed economic policies"

11/21/2014 News Release Image

The Hill's Congress Blog: "Lessons learned from Japan’s failed economic policies"

For nearly twenty years, Japan has been trying to counter stagnation with near zero interest rates and enormous government expenditures using large additions to Japan’s national debt, writes Robert G. Vambery, a professor at Pace University’s Lubin School of Business. The Abe administration’s plan of government expenditures combined with the Bank of Japan’s additional quantitative easing is more of the same, just on a larger scale.

Read more: http://thehill.com/blogs/congress-blog/economy-budget/224929-lessons-learned-from-japans-failed-economic-policies