Article in the WSJ about Shinzo Abe, currently favorite to be the next Japanese PM.
Japan’s Abe Pledges More Spending to Curb Deflation
he would consider loosening some of Japan’s fiscal discipline policies, in defiance of warnings by credit raters to curb borrowing by the world’s most indebted government, suggesting instead more spending to help jumpstart growth…
“First, we will concentrate our policy tools to curb deflation,” … Abe said “But that can’t be done solely by monetary policy,…Fiscal policy needs to be added.”
