Differences in effects from the stimulus in Canada and Japan
Many experts admit that Japan's central bank has even less economic stimulus tools at its disposal than the US Fed. In fact, in this country, we see almost permanent support for the economy, which suggests that the effect of stimulus has reached its limit.
That is especially the case given several historical precedents over the past few decades where large-scale fiscal stimulus in Japan has failed to generate a self-sustaining recovery that keeps Japan’s economy close to or above its potential growth rate for an