The world appeared to change on Nov. 15, the day bold and epochal reforms were unveiled that promised to overhaul one of the world’s biggest economies. Analysts, investors and historians alike rejoiced at the audacity of the plan.
Japan’s nuclear regulator said it has no fixed schedule to complete safety checks at idled atomic plants, possibly delaying reactor restarts and the supply of cheaper energy the government wants to drive economic growth.
Prime Minister Shinzo Abe faces another prominent opponent to his plans to return to nuclear power after the Fukushima disaster, as a former political mentor called for Japan to immediately abandon its reactors.
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.
At 9:35 this morning, Shanghai’s state-owned Xinmin Evening News newspaper tweeted a reminder to its 1.8 million followers on the Sina Weibo microblogging service: “The Japanese surrendered 68 years ago today!” The tweet honored the about 35 million Chinese who died during World War II and included five black-and-white images from the war, including a photo of a Japanese soldier standing over a trench filled with the bodies of Chinese civilians, and another of Japanese soldiers loading Chinese into trucks.
Japanese Prime Minister Shinzo Abe is set to win control of both houses of parliament, giving his Liberal Democratic Party-led coalition the strongest grip on power since 2007. Winning the election will be the easy part.
Japanese hedge funds investing in smaller companies are outperforming as trading in small-cap stocks more than doubled this year amid Prime Minister Shinzo Abe’s efforts to revive the world’s third-largest economy.