Biden borrows from Eisenhower’s playbook, Japan’s road to recovery
Thursday 8 April 2021 – Vol.12 Ed.14.3
Commentary: Biden borrows from Eisenhower’s playbook
By Meghnad Desai in London
Without resting on his laurels, after exceeding his vaccination target and passing a $1.9tn stimulus, President Joe Biden has proposed an infrastructure spending package totalling more than $2tn. This is not so much from the Roosevelt playbook as it is from Eisenhower’s. His bill will not just repair and restore US infrastructure, it will make it fit for the much-needed green economy. That would yield a sustained boom in the US and global economies.
Tuesday 20 April, 20:00-21:00 BST The world’s third-largest economy is recovering from the pandemic but it still faces significant challenges. Exiting pandemic restrictions and increasing public debt are among those problems that could hinder any recovery. Kenji Okamura, Japan’s vice-finance minister for international affairs, joins Mark Sobel, US chairman of OMFIF, to discuss the implications for Japan’s economy and policies of the rise of US long-term interest rates, as well as to look into G20 priorities.
