UK Only Article:
standard article
Issue:
What does Hillary stand for?
Fly Title:
Economic policy in Japan
Rubric:
The government of Shinzo Abe is increasingly at odds with the central bank
Location:
TOKYO
Main image:
20150411_ASP001_0.jpg
AN EARLY strength of Abenomics, the plan of Shinzo Abe, the prime minister, to revive Japan’s economy, was the tight bond between Mr Abe and his handpicked central-bank governor, Haruhiko Kuroda. Former chiefs of the Bank of Japan had adopted a defeatist stance towards Japan’s deflationary morass. Mr Kuroda, the prime minister believed, was a champion of his desire to revitalise Japan in large part through unorthodox monetary loosening. In early 2013, soon after Mr Abe took office, the central bank duly launched a radical programme of quantitative easing.
But now the two men appear at loggerheads. The main point of contention is fiscal policy, which to date has been very loose, with a …<div class="og_rss_groups"></div>
SOURCE: Economic Issues – Read entire story here.
