CLEAN : Japan economy shrinks during Q4 in body blow for Abenomics

The video discusses the current state of the economy, highlighting that profits and wages are growing well. It addresses structural problems in Asia, particularly in Japan, where decision-making in a democracy can be slow. The potential increase in consumption tax from 8% to 10% is mentioned, with flexibility if economic issues arise. The importance of spending to boost nominal GDP growth is emphasized, noting that market panic can hinder logical decision-making.

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