Thursday, June 6, 2013

Nouriel Roubini : Japan ~ Abenomics is not just a Monetary and Fiscal Stimulus

Nouriel Roubini : “Abenomics is not just a monetary and fiscal stimulus,” it’s also increasing nominal wages to boost consumption, among other actions, said Roubini. “There is going to be volatility,” he said, but he does not see a crash of Japan’s stock market, yen or Japanese government bonds.

“Japan for once in 20 years could be a better story than other markets,”

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