Japan's Economy: Chasing Illusions?

by Claus VistesenWhat happened in Japan this week obviously came as something of a surprise for many a financial commentator and analyst; over at Morgan Stanley's GEF Takehiro Sato even felt the need to apologize to GEF's readers for erroneously making the call that the BOJ would raise interest rates this month. He has not been alone in this, however, and last Monday Bloomberg reported that 76%