The outstanding balance of loans disbursed by the Bank under the main rules for the measure has reached the initial ceiling of 3 trillion yen.
In fact, the economic argument about populism seems to be as much about distribution as aggregate growth – a favourable macro-economic development may mask big differences across different groups. The distributional impacts of a key driver of today’s changes – especially technological development, such phenomena as artificial intelligence, automatization, digitalisation, robotics – have been widely recognised for some time.