Prime Minister Shinzo Abe’s solid election win green lights a continuation of the Bank of Japan’s massive economic stimulus, entrenching a divide with global peers who are either heading in the opposite direction or mulling moves to do so. While growth in the world’s third-largest economy has picked up, inflation remains nowhere close to the BOJ’s two per cent target. Continued easing means Japan will remain a source of liquidity for the world economy and especially emerging markets in Asia that are vulnerable to rising interest rates, said Frederic ...
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First Published: Tue, October 24 2017. 02:46 IST