Japan’s Recovery, Our Lesson?

After a long, long dark period in Japan’s economy, prime minister Shinzo Abe introduced a “bold economic stimulus strategy” when he took office late in December 2012. A deliberately weaker yen has ignited exports, the stock market, and consumer spending.

You can read all about it in Hiroko Tabuchi’s report in The New York Times of June 28.

The good results are certainly no surprise to Nobel Prize winner Paul Krugman, who has lobbied for stimulus from the beginnings of America’s darkening economic problems. Krugman is an op-ed columnist at the New York Times.