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
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.
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