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.
As Japan’s economy fell into recession last year, Yoichi Uehara wanted to save money at his family firm. Firing workers wasn’t an option: Under Japan’s labor laws, that would have increased costs, not cut them.
Beyond the bright prospects for the return to rapid U.S. economic growth and the resulting decline in federal debt as a percentage of gross domestic product, the U.S. will enjoy six major long-term advantages over its competitors.
Prime Minister Shinzo Abe’s victory in yesterday’s election solidifies his control over the Japanese government and gives him a freer hand to carry out economic reforms. Japan’s business leaders have a wish list for him.
Japanese Prime Minister Shinzo Abe’s winning of the first bicameral majority for the ruling coalition in six years sets up an internal government battle as he seeks to revamp economic to defense policies.
Japanese Prime Minister Shinzo Abe’s ruling coalition faces the challenge of maintaining unity and public support after cementing control of both houses of parliament on a platform of economic revival.