ZJPN - Beyond Abenomics: Japan Poised To Outperform In 2020
By Jesper Koll
PM Abe's economic policy leadership credentials got a huge boost last week, with his cabinet approving a massive extra fiscal spending package. This confirms Japan is a standout amongst G7 countries - the only government capable and willing to enact rational, pragmatic and decisive countercyclical fiscal policies. Where American and European political leaders appear stuck and forced to compensate for their own inability to actually design and implement targeted, innovative and timely fiscal policy by constantly insisting that it is the central bankers who need to do more, Japan wastes no time.