Europe Ticking All the Wrong Boxes Starts Mirroring Japan
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Similarities between the euro region and Japan are intensifying, heaping pressure on Mario Draghi while offering good news for bond holders.
Sluggish credit growth? Check. Slowing economy? Check. Falling market expectations for inflation? Check. Aging population? Yes, it has that too, placing Europe in a similar situation to what was encountered by the world’s third-largest economy after the bubble burst on its postwar Economic Miracle.