How do we borrow more than just Ramen?

The FT has a new series called Lessons from Japan where they discuss what other developed economies might learn from Japan’s decades long experience with ultra-low interest rates and slow growth.

I particularly enjoyed the article on how infrastructure spending does not always deliver the growth expected from it.

Its an important issue to consider, because while there is growing acceptance of the wisdom of government spending, infrastructure remains one of the few areas where it is “appropriate” to do so. Infrastructure spending brings nice headline figures, but there is no reason to not be more ambitious in pursuit of productivity improving investment.

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