This week’s slide in Japanese stocks raises the stakes for Prime Minister Shinzo Abe’s planned revamp of business regulations as officials sought to sustain confidence in efforts to revive the economy.
Prime Minister Shinzo Abe’s drive to revise Japan’s pacifist constitution for the first time risks alienating voters who support his economic agenda and dividing his coalition government before July elections.
Japanese Prime Minister Naoto Kan ’s failure to pass legislation approving an increase in bond sales risks forcing officials to seek alternative funding methods and unsettling investors, according to Morgan Stanley.
Asian Development Bank President Haruhiko Kuroda is set for parliamentary confirmation as Japan’s next central bank chief following his nomination, ushering in a leadership team projected to step up monetary stimulus.
Prime Minister Shinzo Abe takes his plans to pull the economy out of recession to a divided parliament next week, seeking to win support for reshaping the Bank of Japan in favor of aggressive monetary easing.
Haruhiko Kuroda will appear before parliament again even if he’s confirmed this week as Bank of Japan governor as a technicality in the nomination process means lawmakers will vote twice on his candidacy.
Two weeks after Japan’s March 11 earthquake knocked out more than 650 of Toyota Motor Corp.’s suppliers, halting worldwide production, the automaker had to decide where to focus its resources. It picked the Prius.