4 Aug 2016 (AFR) – Abe goes for broke to reignite Japan’s economy; Japan binges as central bank, Shinzo Abe run out of options

(4 August 2016, AFR, p12, by Jonathan Soble)

‘In the three and a half years years since he won the Japanese prime minister’s office on a pledge to rekindle economic growth, Shinzo Abe has tried many tactics to coax the economy into expanding He persuaded the central bank to flood the country with cheap money. He sanctioned a sharp fall in the value of the yen, a boon for big exporters like Toyota and Panasonic. And he increased government spending, pouring cash into areas as varied as day care and defense.’

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