TOKYO - Japanese Prime Minister Shinzo Abe’s decision to step down on Friday because of worsening health will formally put an end to his “Abenomics” strategy, which tried to revive the world’s third-largest economy after decades of stagnation.
“At the same time, for the BoJ the offshoot target for inflation is the same as in other countries - which is 2% - and the current level of inflation is far short of that target.”ACHIEVED “Prime Minister Abe should have delayed hiking the consumption tax until at least the BOJ had achieved its, and the government’s, aim of sustained 2% CPI inflation.”“The government was right to favour recovery over fiscal balance. Hence it made sense to move to fiscal expansion, but it pulled back too soon.
“The efforts regarding and stewardship were sincere and indeed commendable, but like so many such efforts over the decades there is little enforcement and virtually no penalties for non-compliance.”“Changes in corporate governance through the unwinding of many cross-shareholdings and tearing down walls that protect companies from activist shareholders are steps in the right direction and are making companies more independent and profitable.
Trump lied and People Died