Financial Times (January 13)
2015/ 01/ 14 by jd in Global News
“Watch Japan” in the next year to find out more about the inevitability of Larry Summer’s secular stagnation thesis. “Virtually all western economies have seen wages stagnate or fall in recent years.” If Japan, “the world champion of secular stagnation,” succeeds in raising household incomes, this will present the hope that other developed nations can also escape the grip of secular stagnation.
