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The author says: unemployment is low in Japan and poverty is growing. A normal person would think automatically that wages are low or/and public spending in au
by RobertoG 11y ago
The author says: unemployment is low in Japan and poverty is growing.
A normal person would think automatically that wages are low or/and public spending in automatic stabilizers is low.
It seems a professional economist prefer more exotic explanations.
It's specially puzzling that Japan government prefer to buy financial assets that invest in their own people when, both, rates are very low and they are suffering deflation.
But, of course, that would be redistributive and, even worst, it could work and create a bad precedent.