Worries for Japan economy after election shock

Worries for Japan economy after election shock …C0NTINUE READING HERE >>>

Businesses and economists worry Prime Minister Shigeru Ishiba will offer tax cuts and higher spending, and go slow on reforms needed to improve competitiveness.
Photo: Richard A. Brooks / AFP
Source: AFP

Political uncertainty after Japan’s election shock risks slowing economic reforms, pushing up government spending and even holding up the Bank of Japan’s exit from its outlier monetary policy, economists said.

Post-war Japan has long been a byword for political stability with the…

>