It’s an article of faith on the right that any attempt by the government to fight unemployment must lead to disaster, so the faithful must keep predicting disaster no matter how often it fails to materialise

When it comes to economics – and other subjects, but I’ll focus on what I know best – we live in an age of “derp” and cheap cynicism. And there are po(...)

Yokohama and Mount Fuji: “Given its demography, Japan would do well to attain growth of 1-1.5 per cent a year. The country will be unable to combine economic dynamism with fiscal consolidation without a rise in consumption’s share in GDP.” Photograph: Getty Images

The predominant concern of Shinzo Abe, Japan’s prime minister, is with the decline of his country’s economy relative to China’s. This explains “Abenom(...)