is-japans-resurgence-already-over

Is JapanÆs resurgence already over?

The prime ministerÆs resignation and disappointing economic figures are dulling JapanÆs recent lustre.
Two days after prime minister Shinzo Abe stunned the nation by quitting, market watchers are debating the implications for Japan's economic future.

One banker has likened the news of AbeÆs resignation as like a kick to the head for the country. ôJapan is looking very bleak at the moment,ö he said of the shock move, which came less than a year after Abe took the job.

But others say that the departure of the profoundly unpopular prime minister, who has been associated with revisionist foreign policy more than economics, might not be a bad thing.

In any case, says one Japanese banker, Japan is not like Western countries. The economy works pretty much on auto-pilot...
¬ Haymarket Media Limited. All rights reserved.

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