Why not use the looming fiscal crisis of the states to tackle the buck-passing by seriously reforming which tier of government is responsible for spending?

After three decades of near-zero inflation, there are signs that Japan’s economy can sustainably converge to a new equilibrium. Inflation has surpassed the Bank of Japan’s 2-percent target for over ...

SOVEREIGN wealth funds are some of the most powerful – and secretive – investors in the world, with more than US$13 trillion ...