EFTA Document EFTA01449244

16 May 2013 FX Blueprint: Dashing Buck anticipates a 'virtuous cycle among production, income and spending triggered by increases in public investment and exports.' At the risk of caricature, Hayami had been all about gritting one's teeth and holding out for the eventual benefits of (Schumpeterian) creative destruction, while Shirakawa was resigned to the structural drag from demographics. Kuroda has taken a leaf out of the Fed's much more activist playbook, raising the stakes (p