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Adair Turner

For Adair Turner's latest contributions to The Japan Times, see below:

Oct 8, 2015

Debt and deflation deja vu

Seven years after the global financial crisis, leverage worldwide is higher than ever, and aggregate demand is still insufficient to drive robust growth.

The demographic challenge

Aug 24, 2015

The demographic challenge

Worrying about the coming population decline in advanced countries is a meaningless diversion from the far more serious issues raised by the developing world's population explosion.

Feb 13, 2015

Global economy's Chinese headwinds

Last year, interest rates were supposed to start rising in the U.S. and U.K. and quantitative easing would deliver increased inflation in Japan. Twelve months later, economic headwinds from China are a major reason why normality seems as distant as ever.

Sep 14, 2014

Signpost says more eurozone deficit financing

The only question about European Central Bank President Mario Draghi's recent speech to central bankers in which he implied that avoiding a eurozone breakup will require increased fiscal deficits is how openly that reality will be admitted.

Aug 17, 2014

Rising hope for nations with falling birthrates

The lamentations of some economists in the advanced economies would have us believe that a shrinking population is a bad thing. In fact, the benefits of demographic stability, or even a slight decline, outweigh any adverse effects.