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Prime minister Abe overrules the Finance Ministry by delaying an increase in the consumption tax fom 8 to 10% in 2015. He calls a snap election for 2015. This WSJ editorial says Japan has tried the Finance Ministry's ideas for fiscal spending increases coupled with tax increases without success in fighting deflation, prime minister Abe now needs to get the third arrow of structural reform right and take supply side actions.
Grouped Articles
Wall Street Journal 11/18/2014
Calling Early Elections in Japan, Abe Rolls the Dice on the Economy
New York Times 11/18/2014
A Sudden Schism Between Shinzo Abe and the Bank of Japan Governor
New York Times 11/19/2014
Japan’s No. 1 Reflationist Does a Victory Dance
Wall Street Journal 11/20/2014
Nevermind Japan’s Recession Talk. Abenomics Is Working
Wall Street Journal 11/20/2014
With Bad Economic News for Japan, Abe’s Magic Seems to Evaporate
New York Times 11/20/2014
This follows a sales tax increase. A second sales tax increase will now be postponed. The recession was not predicted by economists and comes as a surprise for financial markets.
Grouped Articles
Wall Street Journal 11/17/2014
Japan’s Surprise Recession Spurs Course Correction
Wall Street Journal 11/17/2014
Japan’s Game-Changing Recession Shocker
Wall Street Journal 11/17/2014
Japan’s Abe Poised to Take Election Gamble
Wall Street Journal 11/17/2014
Japan Weighs More Stimulus After Falling Into Recession
Wall Street Journal 11/18/2014
Japan’s Abe Poised to Take Election Gamble
Wall Street Journal 11/18/2014
Grouped Articles
Pro-Inflation Policies Show Signs of Helping the Japanese Economy
New York Times 05/09/2013
Japan Posts Surge in Economic Growth
Wall Street Journal 05/15/2013
Japanâs Economy Growing at 3.5% Annualized Rate
New York Times 05/15/2013
New York Times 05/23/2013
Japanese Economic Data Give Abe a Lift
Wall Street Journal 06/10/2013
In Japan, a Growth Strategy With Echoes of the Past
New York Times 06/12/2013
The proposed increase in the sales tax to 10% to improve the Japanese government finances and the problems posed by lower GDP growth in the second quarter of 2013. The risk of derailing the economic recovery and the fight against deflation by a premature increase in the sales tax.
Grouped Articles
Economic Expansion Slows Down in Japan
New York Times 08/11/2013
Abe Set to Proceed With Tax Increase in Japan
Wall Street Journal 09/12/2013
Japanâs Prime Minister Warns That Debt Could Bring a Crisis Like That of Greece
New York Times 06/11/2010
Japan's Kan Plans Major Tax Increase
Wall Street Journal 06/16/2010
Prime Minister Noda says tax hike essential for Japan's sustainability - The Washington Post
Washington Post 03/04/2012
Japan’s Growth Slows, Raising Concerns About Obstacles That Lie Ahead
New York Times 02/16/2014
Grouped Articles
The Right Target for Japan's Third Arrow
Wall Street Journal 06/24/2013
Now Comes the Hard Part for Abenomics
Wall Street Journal 07/22/2013
Japanese Prime Minister's Support Tops 70%
Wall Street Journal 02/11/2013
Shinzo Abe's 'Third Arrow' Seeks a Hard Target in Japan
Wall Street Journal 06/24/2014
Abe Unveils Japan's New Growth Strategy
Wall Street Journal 06/25/2014
Shinzo Abe’s Bid to Shake Up Corporate Japan
New York Times 06/24/2014
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