Abenomics zal niet werken, zegt MIT

Japanese Prime Minister Shinzo Abe’s policies to stem deflation and spur growth won’t be a “magic bullet” that shakes the nation’s economy out of stagnation, said Simon Johnson of the Massachusetts Institute of Technology.

While Abe’s efforts are “significant,” an aging population, heavy debt loads and a lack of immigration will continue to hobble the Japanese economy, Johnson, a former chief economist at the International Monetary Fund, said in an interview on “Bloomberg Surveillance” with Tom Keene and Sara Eisen.