Wednesday, September 3, 2014
What Japan Abe needs to do
In Japan, Prime Minister Shinzo Abe's government has made significant headway in overcoming almost two decades of deflation, thanks to monetary easing and fiscal expansion.
The main uncertainties stem from the coming increase in the consumption tax and slow implementation of the third "arrow" of "Abenomics," namely structural reforms and trade liberalization.
Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics