Richard Dunbar, investment director at Aberdeen Asset Management, analyses if the latest stimulus measures by the Japanese authorities could herald a second 'new dawn' for the country's economy, or are simply another lost effort
It has been a mixed year for Japan, yet in some ways it has been business as usual. The economy has exhibited little movement away from the economic torpor that has engulfed it for much of the past quarter of a century. Prime Minister Shinzo Abe's three arrows of easy monetary policy, fiscal stimulus and efforts to restructure the economy could be described, at best, as a partial success. Japan's economy grew by just 0.2% in the second quarter, revised up from an initial estimate of zero. The Japan funds set to benefit from BoJ's 'imaginative' measures On a positive note, househo...
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