Japan’s announcement that it will buy bonds issued by the European Financial Stability Facility (EFSF) has been heralded by some as further evidence of the international support that might help to prop up the euro-zone. In reality these purchases are practically irrelevant. Meanwhile, the latest data underline our fears that the Japanese economy itself is sliding back into recession.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services