Death of the father of “Abenomics” may allow Japan to reduce stimulus
The death of Shinzo Abe makes any immediate challenge to his legacy unlikely. Prime Minister Fumio Kishida could eventually allow him to phase out Abe’s policies. Analysts say he wants to normalize fiscal and monetary policies. And gradually wind down Abenomics. Japan’s Economy Minister Fumio Kishida has endorsed the Bank of Japan’s ultra-low interest rate policy. … Read more