For Japanese voters, coming to grips with difficult economic choices may be what is needed to jolt their nation out of ongoing stagnation.
The speech takes as its launching point the ongoing debate about secular stagnation, which I wrote about last month.
Rob Dobson, a senior economist at Markit, described the UK's manufacturing sector as in a state of "near stagnation" after the ongoing difficulties faced by exporters were mirrored in the domestic market.
LAST week's Free exchange column took a look at the ongoing economic discussion over "secular stagnation", or the argument that a chronic shortfall of investment relative to saving might be shackling the rich world with weak demand.Before the financial crisis, excessive thrift in emerging economies may have played a role.
They are puzzled by the ongoing disruption in the marketplace and the stagnation of the economy.
37 Percentage of youth unemployment in the city – testament to ongoing economic stagnation in the south, and Montpellier's reputation as a cushy beach-bum option.
Simultaneously, analysts worry that a secular stagnation, though momentarily offset by asset bubbles, may have been already at play in major advanced economies, leading to the ongoing sluggish and feeble recovery.
"More than 1m families with a household income below £30,000 are in extreme debt and ongoing wage stagnation is making the problem worse," the report says.
For while the Obama administration did not propose, ridiculously, to slash corporate taxes nor wage a savage attack on regulatory protections nor aim to hack away at vital government programs, it did preside over a period of record corporate profits amidst ongoing wage stagnation.
Once relegated to the margins of heterodox economic theory, the idea of stagnation as a likely ongoing direction for the economy, in fact, is now virtually mainstream, expounded by such well-known figures as Lawrence Summers and Paul Krugman.
