Japan's Economic Revival: Escaping the Black Hole of Stagdeflation
Injecting money into the economy when interest rates are very low is like money disappearing into a black hole. Simply lowering interest rates won't fix the economy - we need a mix of government and monetary policies to boost investment. Deflation can be good or bad, depending on the situation. Japan should focus on increasing the value of investments, not just making money cheaper. Opening up trade is better for Japan than making its currency weaker.