World News Insights
1-3 Minute Gist
Search, personalize, or simply browse. Follow the world around you from gist and context to insights.
Who we are | Our Credo | Ways of using Lyrarc | FAQ | Send Feedback | First Letter From the Editor
Sign up. It's free and easy to use
Create an account
to personalize your feed of articles and topics.
All Topics Article
Apologizing to Japan
Keywords:
Krugman looks at the economies of indusrialized countries in 2014-2015. He points to the errors made by the Riksbank in Sweden to increase interest rates prematurely when a recovery was not on firm ground, ignoring the advice of deputy governor Lars Svensson. Sweden now faces the prospect of little growth and deflationary tendencies. He compares the decision of the ECB to raise rates in 2011 with Japan's decision to prematurely raise rates. The austerity policies in the EU driven by Germany and the lack of political consensus in the U.S., are faulted for making the situation worse when compared to Japan's poor handling of the situation. He says fiscal policy did not do enough in Japan to create growth, in the EU he says austerity policies were actually destructive of growth.
Krugman looking back at the experience of Japan since 1987, and the experience of the U.S. and Europe since 2008
10/30/2014
Krugman says U.S. and EU policies since 2008 have resulted in deeper economic problems than that faced by Japan. Jobless situation in the EU and the U.S. is much worse than Japan has experienced. He says he and Bernanke were wrong in their assessment of Japan's policies, when considering the way policymakers in Sweden, Germany and the U.S. have tackled the economic situation.
Grouped Articles
New York Times 10/30/2014
Bank of Japan interest rate and monetary policy- 2011-2016
09/19/2012
Grouped Articles
Target Is 'Flexible,' Says Japan Bank Chief
Wall Street Journal 04/12/2013
G-20 Backs Japan on Yen Policies
Wall Street Journal 04/20/2013
OECD Welcomes BOJ Inflation Target, Easing
Wall Street Journal 04/23/2013
BOJ Price Forecast Falls Short of Target
Wall Street Journal 04/28/2013
Bank of Japan's Inflation Game Going Into Extra Innings
Wall Street Journal 04/26/2013
Bank of Japan Sends a Gift to U.S. Markets: Yield Seekers
Wall Street Journal 04/29/2013
Errors made- US and Japanese economy comparisons for a lost decade.
02/13/2009
Japan's economy suffered badly after a flood of credit and bad loans, resulting in deflation and a lost decade. The comparison with what the US faces now.
Grouped Articles
Japan Is a Model Not a Cautionary Tale
New York Times 06/09/2013
Japanese Prices Rise, Signaling Rebound
Wall Street Journal 07/26/2013
In Japan’s Stagnant Decade, Cautionary Tales for America
New York Times 02/13/2009
In Japan’s Stagnant Decade, Cautionary Tales for America
New York Times 02/13/2009
New York Times 10/30/2014
Abe: U.S., Japan Close to TPP Trade Deal
Wall Street Journal 04/21/2015
Tackling middle class poverty in the U.S.- causes and strategies
03/11/2009
Shrinking incomes, low job growth, growth in temporary jobs, offshoring of jobs, are part of a trend since 1989. This is compounded by acceleration of developments during the last decade of low savings and paltry return on savings, effects on net worth of the financial crisis of 2008 through job losses, lost income, foreclosures, high cost of health care and college tution for children. The combination is creating a new kind of middle class poverty in the U.S. The Obama administration has pushed for college education even as it is becoming less affordable and neglected jobs training. The push to raise the minimum wage helps the poor but does not do as much for the middle class.
Grouped Articles
Wall Street Journal 09/14/2011
Japan Is a Model Not a Cautionary Tale
New York Times 06/09/2013
OECD report cites rising income inequality - The Washington Post
Washington Post 12/06/2011
8 States to Raise Minimum Wage
New York Times 12/23/2011
U.S. Schools Chief Arne Duncan Labors to Straddle Political Divide
Wall Street Journal 07/22/2013
New York Times 02/10/2010
Unemployment in Europe, Japan and the USA. Stimulus measures in the U.S. and safety nets in Japan and Europe: 2008-2010
01/05/2007
How safety nets in Japan and Europe do what the stimulus helps to do in the USA. Coping with high unemployment.
Grouped Articles
New York Times 09/06/2011
Stimulus and the Depression: The Untold Story
Wall Street Journal 09/26/2011
Japan Is a Model Not a Cautionary Tale
New York Times 06/09/2013
The Next First (and Only) 100 Days
New York Times 12/10/2011
New York Times 10/10/2010
New York Times 10/30/2014
Krugman on Japan and the economic policy of the Shinzo Abe government
01/13/2013
Krugman describes the break with orthodox policy of the Abe government and says it is working.
Grouped Articles
New York Times 05/23/2013
Japan Is a Model Not a Cautionary Tale
New York Times 06/09/2013
In Japan, a Growth Strategy With Echoes of the Past
New York Times 06/12/2013
New York Times 10/30/2014
With Bad Economic News for Japan, Abe’s Magic Seems to Evaporate
New York Times 11/20/2014
There’s No Recession at Japan Inc.
Wall Street Journal 11/28/2014
Is this shaping up to be a lost decade for the U.S. economy?
10/18/2009
Grouped Articles
Japan Is a Model Not a Cautionary Tale
New York Times 06/09/2013
Sluggish Economic Recovery Proves Resilient
Wall Street Journal 04/21/2014
New York Times 10/30/2014
Eighty Years After the Great Crash -- 'Is It the '30s Again?'
Wall Street Journal 10/18/2009
U.S. Hears Echo of Japanâs Woes
New York Times 10/29/2010
Wall Street Journal 03/17/2011
Getting economic policy right- A second look at Japan, the European Union and the U.S. in 2014-2015
06/09/2013
In taking a second look, economists Stiglitz and Krugman ask if much derided Japan has avoided the worst effects of unemployment that have affected Spain, Italy, Greece, and France in the eurozone, and for the the long term unemployed in the U.S. And in doing so also avoided the widening income and wealth gaps opened up in the other industrialized countries.
Linked Articles
New York Times 10/30/2014
Japan Is a Model Not a Cautionary Tale
New York Times 06/09/2013
We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.
Support Lyrarc from as small as $1
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us