One may wonder why I have not weighed in on the numerous tax proposals currently floating around the halls of the Democratic Party of Japan. This is because everyone else is talking about it.
Why add to the noise?
Economists are already claiming that the retail consumption figures are reflecting a drawback in spending in anticipation of higher taxes, as good rational choice theory would predict.
The Bloomberg piece also asks what seems to be an eternal question: do title writers at the major media outlets ever read the texts to which they are afixing their titles?
(Hat tip to The Tokyo Times)
Time to unpeg the renminbi
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