Since fiscal measures weren’t effective, the Bank of Japan (BoJ) has tried monetary stimulus too. The current plight of Japan with zero growth, and ineffective monetary and fiscal policy is now new. But zero growth with zero inflation and a shrinking population may not be that bad either. Alas, there is no trade possible in “inflation”, else India would have happily exported it to Japan. Alas, there is no trade possible in “inflation”, else India would have happily exported it to Japan!

Source: Mint June 14, 2016 23:03 UTC