Wall Street Journal (July 21)
“Since taking office in December, Mr. Abe has shown a nearly unprecedented level of resolve on all three fronts [fiscal, monetary, regulatory] compared to recent prime ministers.” In his quest to reignite Japan’s economy, “Mr. Abe still faces a long and difficult road to get from where Japan is now to where he wants it to be. He may yet fail, or only partially succeed, in some of his priorities. But outside observers should not discount the extent to which Mr. Abe is giving voters something tangible to support. Voters certainly didn’t discount that on Sunday when they gave their support to Mr. Abe’s party.”
Tags: Fiscal policy, Japan’s economy, Monetary policy, Prime minister, Regulatory policy, Resolve, Shinzo Abe, Support, Voters