The Economist (August 9)
Abenomics may be working at the top, but it’s not trickling down to “folk who do not own bundles of shares or a flat in Tokyo’s trendy Daikanyama neighbourhood…. The mantra of Mr Abe and his advisers has been that a virtuous circle would come about whereby wages would rise and lift consumer spending, which in turn would boost investment by companies. Bingo: Japan would emerge from deflation. That is not happening and it is a conundrum.”
Tags: Abe, Abenomics, Advisers, Consumer spending, Daikanyama, Deflation, Investment, Japan, Shares, Tokyo, Trickle down, Wages
USA Today (March 18)
“It would be foolish to think that Putin — basking in record popularity and surrounded by hard-line advisers — will do anything other than press the objective he has pursued for years: restoring the historic subjugation of Ukraine to Russia’s will.” The U.S. and “Europe, which has deeper trade ties to Russia” must not mislead themselves. They “must make clear how high the price of further aggression will be.”
Tags: Advisers, Aggression, Europe, Hard line, Objective, Popularity, Price, Putin, Russia, Trade, U.S., Ukraine
