Kuroda Jolts Markets With Assault on Deflation Mindset

The transcript discusses Japan's economic stimulus efforts, including open-ended quantitative easing (QE) to achieve 2% inflation. The Nikkei index surged, and the yen weakened, boosting exports. With high debt levels in Japan and Europe, monetary policy is seen as the only viable option. The IMF highlights the need for fiscal consolidation alongside growth. Economists warn of Japan's potential impact on the global economy. Paul Krugman critiques Japan's fiscal policy but acknowledges it as less flawed than Western policies.

In what ways do private demand and consumption affect Japan's economic growth?

What criticisms have been made regarding Japan's fiscal policy in relation to growth?