ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Opinion

Japan and the limits of liquidity

Modern monetary theory is too simplistic to solve all today's complex economic challenges

| Japan

Modern Monetary Theory (MMT) is a macroeconomic doctrine with historical antecedents going back to economists John Maynard Keynes, Abba Lerner and Hyman Minsky.

It has recently had a populist resurgence as a rationale for printing money to pay for more government spending.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more