The Japanese Love of Keynesian Economics Might Finally Be Coming to an End

The Japanese Love of Keynesian Economics Might Finally Be Coming to an End
The Japanese national flag is seen at the Bank of Japan headquarters in Tokyo on March 16, 2020. Kazuhiro Nogi/AFP via Getty Images
Jason Morgan
Updated:
Commentary

Even those fortunate enough to have escaped infection by the Wuhan coronavirus will by now have noticed one of the virus’ many secondary effects: the disruption of the supply chain. Sick workers at meat plants, closed restaurants, hoarding, and the sudden spike in demand for things like ventilators, masks, and comestibles with long shelf lives have thrown the global flow of goods and services into disarray. Shelves are empty, crops are rotting in the fields—supply and demand are no longer matched, and the global economy is tying up in knots.

Jason Morgan
Jason Morgan
Author
Jason Morgan is associate professor at Reitaku University in Chiba, Japan, and was a 2016 Mises Institute Fellow. For a list of his books and publications, see his personal site JasonMorganJapan.wordpress.com.
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