Japanese Prime Minister Shinzo Abe said on Tuesday that a “positive cycle” was appearing in the country’s economy as rising corporate revenues lead to higher wages and household income.
But Abe said the recovery has yet to reach broader sectors of the economy, stressing the need to ensure the positive economic cycle does not end up as a temporary phenomenon.
“The mandate of ‘Abenomics’ is to make people across Japan feel the benefits of the economic recovery,” he told a news conference.
via Economic Times
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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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