Abe’s third arrow targets growth

Japan’s prime minister laid out his growth plan yesterday, but the news failed to bring an end to market volatility.
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Japan's structural issues might be over-stated
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<div style="text-align: left;"> Japan's structural issues might be over-stated </div>

Shinzo Abe is reckoned by some to be worried that ghosts haunt his official residence. More than five months after taking office, Japan’s prime minister has still not moved in with no official explanation for his reluctance.

Whatever the reason, Abe’s decision to stay at home must have seemed like a good call until recently, but bad mojo isn’t so easy to shake. Worrying portents and mysterious movements are now haunting Japan’s financial markets, giving the prime minister new cause for sleepless nights.

His announcement yesterday of a growth strategy the “third arrow” of his economic transformation did little to change things. The plan calls for the...

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