Abe Ally Openly Questions Lack of Structural Reforms

November 7, 2013 Share Print 0

Shinzo Abe’s commitment to reviving the Japanese economy through deregulation came under attack from a close ally as concerns emerged at the Bank of Japan over the fight against deflation, a core element of the prime minister’s “Abenomics” agenda.

Hiroshi Mikitani, the internet billionaire who advises the premier as a member of the Industrial Competitiveness Council, threatened to quit in a stinging assessment of the government’s handling of drug sales liberalization. “If Mr Abe cannot decide on this, he cannot decide on anything,” Mr Mikitani said.

via CNBC

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.