Three months on from the consumption tax hike and Japan’s economy looks to be absorbing the shock as well as might reasonably have been hoped. That was the message from today’s Tankan survey.
The first two arrows of Abenomics have already made their mark. And with the latest structural reform strategy approved by Japan’s Cabinet today, is the third arrow also now about to fly?
Response by Chris Scicluna, Head of Economic Research, to the presentation by Professor Shumpei Takemori at a seminar held at Daiwa Capital Markets Europe Ltd. on 16th January 2014.
This blog article is a summary of remarks made by Professor Shumpei Takemori at a seminar held at Daiwa Capital Markets Europe Ltd. on 16th January 2014.
With the BoJ’s massive monetary easing designed, in part, to drive investors out of safe assets and into riskier ones, the flow of funds data have taken on added significance providing evidence on the success or otherwise of these efforts...
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