Japan looks set to see an extended period of low growth and a weak yen as the U.S. Federal Reserve, among major central banks in their aggressive monetary tightening, is expected to continue raising interest rates, probably slowly but to higher levels than thought before. A massive economic stimulus package…
Japan looks set to see an extended period of low growth and a weak yen as the U.S. Federal Reserve, among major central banks in their aggressive monetary tightening, is expected to continue raising interest rates, probably slowly but to higher levels than thought before.
Nearly a decade after the launch of "Abenomics," Japan cannot still do without massive monetary and fiscal stimulus the two features of the economy booster program pushed by the late former Prime Minister Shinzo Abe.
Desperate to secure labor for his small factory, Toshiaki Funakubo turned to Chinese "trainees," who came to Japan to acquire technical expertise and skills, for about two decades until around 2010, the time when China overtook Japan as the world s second-largest economy.