Jun Azumi, a lawmaker from Japan’s devastated northeast, will become the nation’s eighth finance chief since 2008, tasked with funding earthquake reconstruction and securing a recovery endangered by a soaring yen.
Japan’s exports rose the most since 2010 in August, boosting Prime Minister Shinzo Abe’s growth drive even as rising energy costs extended the streak of trade deficits to the longest since 1980.
The bond market is signaling doubts about Japan’s recovery from a record earthquake even as the Bank of Japan lifts its assessment on the economy.
"It's difficult to create a stable inflation rate of 2 percent with yen weakness alone unless it's combined with wage increases."
- Takeshi Minami on Oct 06, 2014