A small rise in Japanese exports, improving business confidence and surging investment flows demonstrated early successes for Prime Minister Shinzo Abe’s radical pro-growth strategy, but firms have yet to see signs of a sustained boost to economic activity.
Abe’s push for aggressive fiscal and monetary policies to shock the world’s third-largest economy back into life after two decades of stagnation has driven the stock market up and the yen down since November.
The shift in gears climaxed with the Bank of Japan’s $1.4 trillion stimulus plan announced on April 4 to virtually double the monetary base by the end of 2014.
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