Handel

Bad consumer sentiment is not surprising

A common complaint among Democratic partisans is that Joe Biden and his party do not get credit for a strong economy, which features employment and real growth levels ahead of those seen in the rest of the developed world.

Fiscal doves have a calming response: Japan. There, public-sector debt runs above three times GDP, and the Bank of Japan has bought most of the government bonds for a decade without causing a disaster.
Fiscal doves have a calming response: Japan. There, public-sector debt runs above three times GDP, and the Bank of Japan has bought most of the government bonds for a decade without causing a disaster.Foto: James Whitlow Delano/Bloomberg
  • Robert Armstrong (FT)
  • Ethan Wu (FT)
Publisert 13. November 2023, kl. 15.49Oppdatert 13. November 2023, kl. 15.49
Financial TimesInflasjonJapan