Shinzo Abe, Japan’s prime minister, speaks during a news conference at an EU-Japan trade summit in Brussels, Belgium. (Geert Vanden Wijngaert/Bloomberg)

Japan Is Having Its Own Heated Debate Over Modern Monetary Theory

(Bloomberg) -- The hottest economic doctrine around says governments should stop worrying and learn to love their public debt. Japan’s been more relaxed than most –- but a looming tax hike suggests...