Adair's RSS feed

Adair Turner

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

The wrong way out for Japan

Feb 8, 2016

The wrong way out for Japan

Neither negative interest rates nor further expansion of the BOJ's already huge program of quantitative easing will be sufficient to offset the strong deflationary forces that Japan now faces.

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.