carl weinberg joins us. what did you get up to yesterday? >> we got to 93. new york did we had tornadoes, all kinds of stuff you don't get. in japan.d a tornado call weinberg serious with me over my chart from earlier. >> don't show it again. tom: i want to get you upset. this is the success of abenomics. come on, you have to give him some credit. >> i admit, it goes up. look what they are doing. the population is shrinking. they're lucky they did not contract. econ 101, fewer people, the economy shrinks. .dam smith, the tin factory you take people out of the tin factory, you get fewer tents. hello. every indicator told us the economy would contract. investment, i heard guy talking about investment this morning. tom: ari going to go after guy johnson? >> im. the economy shrinking, why would buyone want to build or in a shrinking economy? tom: you go after francine. francine: let's do this. tom: let's bring up another chart. this is nominal gdp. the rambling, you can see the success of abenomics. can we import their failure to europe and the u.s.? is the tepi

that is the assessment from high frequency economics carl weinberg.berg says japan's problem height of local. he made the case on "bloomberg surveillance" today. >> if our population goes down, our economy will shrink. since there is no sign of our population going down and since we are not going to build that mexico or cut off immigration, we are going to get through the baby boomer crisis and continue to grow. maybe not as fast as we did before, but we will grow. japan needs people. it does not need more fiscal policy or monetary policy. it needs more people. >> i'm going to push back against not what you said now, but what you said previously. this is my japan chart. the blue line is unemployment. we are at 3.3%. other western economies would love and kill for this kind of thing. this is the balance sheet of the boj. this is a clear demographic problem. even if you see gdp not rising, how do you get out of this? it needs to be open borders. it needs to come for immigration. >> they need to have more people. when you have a contracting economy, it's

we thank carl weinberg at high frequency economics for the initial chignon city -- for the iosity onap of money flowing in. does the investment attraction of a 1.15 sterling mean money flows into the united kingdom? alan: eventually, i think that is right. oddly enough, we have seen all the talk about a large inflow that has taken place right now. right now there is a little bit of a benefit -- of a buffet from that. tom: i keep going back to wells fargo and their acquisition of that property in the city days after brexit. francine: the problem is that you either see the u.k. flourishing in a kind of swiss of modelnorwegian type in agreement with eu. when we heard yesterday is that mark carney will be able to avoid a recession for his country or not? alan: it sounds like we are edges of what the might constitute a recession, something around 0% growth. that is not great in the context of the scale of the stimulus. but you're getting stimulus on the bank of england rates as well. guilt markets are very well written -- are very well behaved. there's a push to support the economy at lea