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Wednesday, Jun 5
Japanese Prime Minister Shinzo Abe has unveiled the "third arrow" of his grand plan to pull his...
Japanese Prime Minister Shinzo Abe has unveiled the "third arrow" of his grand plan to pull his country's economy out of deflation. Th arrow itself comprises three "pillars:" improving productivity in the private sector, labor reform, and developing new markets. As expected, the government will allow Japan's massive public pension funds to buy more stocks, with the program also including the creation of special economic zones, free-trade agreements, privatization, and power-market reform. The hope is to raise average income by 3%, above the two-year inflation target of 2%.