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Business Daily: Japan's audacious experiment

05/03/2013

Japan's audacious experiment

BBC World Service - Business Daily, Japan's audacious experiment

Japan's about to rack up vast new debts in an attempt to kick start growth - will it work?

Japan is about to rack up vast new debts and pump trillions of Yen into the economy in an attempt to kick start growth - but will it work?

For two decades now Japan has been the example of how not to do things. The country has vast debts and is wracked by deflation and slow growth. Yet Japan is about to embark on an audacious experiment - running up vast new debts in order to pump trillions of yen into the economy. So will it work and if so is it an example the rest of the world can follow?

We've got a report from Rupert Wingfield Hayes in Japan, then Justin Rowlatt discusses the risks and possible rewards with Dr Seijiro Takeshita, director of Mizuho International and Chris Scicluna, head of economic research at Daiwa Capital Markets.

Plus, Jeremy Wagstaff of Reuters on why the rise of the iPhone's rivals is as much about fashion as it about function.

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