Due to slow growth, marginal inflation and high public debt, some are arguing that the euro area has started to resemble the Japanese economy. With similar monetary policy outlooks, public finances and problems of demographic transition, Japan and Europe face fundamental issues which require economic reform. This discussion will look at how the supposed ‘Japanification’ of Europe helps to explain developments in the euro area economy, in order to identify mutual learning opportunities.
- Koji Nakamura General Manager for the Americas Bank of Japan
- Natacha Valla Deputy Director General European Central Bank
- Mahmood Pradhan Deputy Director, European Department International Monetary Fund (IMF)
- Lewis Alexander Chief US Economist Nomura