The Japanese general election: Shinzo Abe has history on his side The Japanese proverb “nanakorobi yaoki” roughly translates as: fall over seven times and stand up eight. It urges perseverance, and may be some comfort for Japanese Prime Minister Shinzo Abe ahead of this Sunday’s election. It has been a busy few months for Japan watchers – fresh QE, another slide into recession, and the calling [...]
Forget “normal” monetary policy: There is no longer such a thing AS THE great and the good of central banking gather to prophesise in Jackson Hole this week, they have good reason to reflect on Bob Dylan’s famous song. The times are indeed a changin’. Change has been a recurring theme in monetary policy over the past few years: in the intellectual understanding, in the operational [...]
