Japan press asks: Why were smart people suckered by Abenomics?

A columnist in the Japan Times poses the question

• Western investment banks beefed up Tokyo staffs, stamped "buy" ratings on Nikkei stocks and raced out reports on Japan triumphing over deflation


• Foreign journalists suddenly became Japan experts


• Brookings couldn't plan Abenomics-is-brilliant seminars fast enough


• Nobel laureates toasted the Abe effect around the globe


• In May 2013, Paul Krugman penned a New York Times column headlined "Japan the Model."

But ...

• Such euphoria seems like a long, long time ago as Abenomics fails every key metric.

Its an interesting piece, worth a read while we await Asia to get active today

Japan press asks: Why were smart people suckered by Abenomics?
Japan press asks: Why were smart people suckered by Abenomics?
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