Skip to main content

A warning shot over public finances

Recent events in advanced economies have underscored just how quickly market sentiment towards sovereigns with unsustainable finances can shift. Last week two warning shots were fired across the bow of the Japanese government to remind policymakers that they have not done enough to credibly convince markets they can bring the deficit and escalating debt under control.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.

By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.