Japan is the living example of how low interest rates have not helped reflate demand. Photo: Bloomberg Japan is the living example of how low interest rates have not helped reflate demand. Photo: Bloomberg
Japan is the living example of how low interest rates have not helped reflate demand. Photo: Bloomberg

Central banks ought to rein it in

Andrew Sheng says central banks must choose austerity or risk exacerbating structural problems

Japan is the living example of how low interest rates have not helped reflate demand. Photo: Bloomberg Japan is the living example of how low interest rates have not helped reflate demand. Photo: Bloomberg
Japan is the living example of how low interest rates have not helped reflate demand. Photo: Bloomberg
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