Wall Street Journal (July 29)
“Abenomics represents the best—and possibly the last—chance for Japan to avert a debt crisis that could set back the global recovery once more.” Around the world, everybody should hope for the success of Abenomics. If it does, “then the world’s third-biggest economy could re-emerge as a major engine of growth at a time when Europe is stagnant and China is slowing. If it fails, then Japan’s Mount Fuji of government debt could come tumbling down, sending shock waves through the global economy.”
Tags: Abenomics, China, Debt crisis, Economy, Europe, Global recovery, Growth engine, Japan, Slowing
Financial Times (July 25)
“Since taking office in the spring, the new Chinese leadership knew it had to boost a slowing economy, while, at the same time, rebalancing it away from state-driven investment. Some of the measures included in the ‘mini-stimulus’ Beijing announced on Wednesday strike this difficult balance.” By cutting red tape for exporters and taxes for small companies, the package may succeed in letting “hundreds of small firms bloom.”
Tags: Beijing, China, Economy, Exporters, Leadership, Rebalancing, Slowing, Stimulus, Taxes
