Prime Minister Shinzo Abe’s three arrows require strong leadership and a road map with some near-term milestones high-level meetings with China to de-escalate tensions serious commitments in the upcoming Trans-Pacific Partnership TPP negotiating rounds and follow-through on a credible growth strategy.
The clock is ticking. If Abe is serious about restoring Japanese economic growth to an upward path he faces some daunting challenges. Monetary policy has provided short-term stimulus. But can fiscal policy that combines higher taxes with more spending do the same Much depends on the third arrow structural reforms where there has been much talk but little action.
Part of the answer some argue...
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