Monday, August 25, 2014

¨cash as a curse¨ is part of the Abenomics policy in Japan

A 10000 yen Japanese banknote Copyright Peter Hanami 2004
Picture: A 10000 yen Japanese banknote 



"The ¨cash as a curse" is part of the logic of Japan's Abenomics policy which aims to create an environment where prices rise rather than fall, compelling savers - companies and households - to bring forward spending¨



Source: Nations set to take on corporations
By Jonathan Shapiro
Australian Financial Review
Friday 7th March 2014, page 23