U.S. Economy a 'Healthy Tortoise:' JPMorgan's Kelly

The transcript discusses economic expectations, highlighting a decline in energy investment and inventory growth. It debates the potential for economic collapse, referencing Bill Gross's views. The impact of monetary policy on economic growth is examined, with a focus on interest rates and the Federal Reserve's actions. Japan's economic challenges, including negative interest rates and low productivity growth, are also explored.

What is the speaker's perspective on the effectiveness of negative interest rate policies in Japan?

According to the text, what is the main issue affecting the Japanese economy?