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Revolution in the Air; Japan
Oleh:
[s.n]
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Economist (http://search.proquest.com/) vol. 407 no. 8831 (Apr. 2013)
,
page 12.
Topik:
Political Parties
;
Leadership
;
Economic Conditions
;
Politics
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE29.76
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
When Shinzo Abe's Liberal Democratic Party (LDP) won in a landslide in December, the new prime minister promised leadership after years of shambles. He pledged radical measures to snap Japan out of its long economic funk and restore pride to a country nearly overwhelmed by a sense of decline. On April 4th the man whom Mr Abe pushed forward as the new central-bank governor, Haruhiko Kuroda, unveiled the first concrete steps to suggest that Mr Abe means business. Mr Kuroda promised a "new dimension in monetary easing" in order to rid Japan of the deflation that has been its curse for more than 15 years. By Japanese standards, Mr Kuroda's measures amount to a revolution. Thanks to deflation and low growth, in nominal terms Japan's GDP is no higher than it was in 1991. To have any chance of shaking the country out of its deflationary psyche and of meeting Mr Abe's call for an inflation target of 2%, Mr Kuroda had to exceed already high expectations. He did so handily.
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