Japan in 2013 - new dawn or another false start? |
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William W. Priest, John Tobin & David N. Pearl | Epoch Investment Partners | 13 March 2013
Shinzo Abe, Japan's new prime minister, campaigned on the promise to pursue aggressive policy action to address Japan's recession and persistent deflation. Since his election in December of 2012, he has pushed the central bank to expand the money supply as much as necessary to achieve a 2% inflation target, and he has submitted a supplementary budget with ¥13.1 trillion ($150 billion) in n... |
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