Concerns Over Nikkei Crash if PM Abe Blinks on Tax

On the wall of economist Adam Posen’s Washington office hangs a framed poster of Akira Kurosawa’s 1954 film classic, “Seven Samurai.”

The memento speaks to Posen’s love of Japan, born in his days as a student and since manifested in his career, through books on the nation’s economic woes and trips to Tokyo to advise its policy makers. In a study published in June 2010, he even blended cultural and economic analysis to show what lessons “Seven Samurai” carries for central bankers.

Such ties to Japan and his role as the president of the Peterson Institute for International Economics lend weight to Posen’s views when he warns that the foreign love affair with Prime Minister Shinzo Abe’s economic program may be in jeopardy.

Bloomberg

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