Japanese Prime Minister Shinzo Abe’s reflation campaign shifted to structural domestic reforms after he unveiled a stimulus package offering a short-term cushion for the first sales-tax rise since 1997.
Akira Amari, Japan’s minister for economic and fiscal policy, has so much on his plate that all of his titles don’t fit on his business card. He’s also the minister in charge of economic revitalization and reforming social security and taxes and the head negotiator for the Trans- Pacific Partnership trade pact, Bloomberg Markets magazine will report in its October special issue on the 50 Most Influential people in global finance.
As Japan’s cherry trees bloomed and the stock market soared, Kohetsu Watanabe flew to a blossom- viewing party in Tokyo hosted by Prime Minister Shinzo Abe to tell the premier personally how bad things really are.
Prime Minister Shinzo Abe’s delay in pushing forward plans to loosen Japanese business rules heightened pressure on the central bank to sustain confidence as stocks extended their slump from last month’s five-year high.
Japanese Prime Minister Shinzo Abe pledged a legislative campaign to loosen rules on businesses ranging from non-prescription drugs to construction. Stocks slid as he said the effort won’t begin for months.