- Abenomics has been a major factor
Without doubt the economy is in recovery mode
Chief cabinet secretary Yoshide Suga speaking earlier today at an event in Tokyo and after BOJ governor Kuroda yesterday came out in a spirited defence of the economy after a recent run of weak data
Suga stressed the govt’s intention to support the economic recovery citing their intention to increase the investment limit from JPY 1 mln for individuals using the new tax-free savings scheme ( NISA) to invest in stocks and mutual funds, which so far has been a bit of a flop. He also said the reform of the GPIF ( Govt Pension Invesment Fund ) committee will ” move faster than scheduled”
By executing all of these with speed, we want to get out of deflation and accomplish financial reform
Nothing less than you would expect from Abe’s right hand man and the jury remains out still.
