Real doubt if Japan can grow its way out of debt

Abenomics Economists are divided on whether PM Shinzo Abe's bold policies can turn Japan around fast enough to quell worries about its huge sovereign debts. 

Next Tuesday Japan will increase its sales tax from 5 to 8 per cent. Tuesday is the first day of Japan's new financial year.

It's also April Fools' Day. The Japanese now celebrate this Western custom of setting aside a day for pranks in the traditional way.

Perhaps the timing of Japan's fiscal initiative is apt considering that we have a Japanese government desperately trying to grow its economy out of the doldrums.

 

 

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Max Walsh

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Max Walsh was for many years one of Australia’s top economic and political commentators, highly regarded as a journalist, author and broadcaster. Throughout his career, Max was involved in all dimensions of the media industry, which has encompassed positions with two of Australia’s largest publishing companies and television networks.

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