UK Only Article:
What does Hillary stand for?
Economic policy in Japan
The government of Shinzo Abe is increasingly at odds with the central bank
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>
via Economic Crisis http://ift.tt/1FqQ18u