News

Japan’s election won’t revive its moribund economy

TOKYO – Whatever happens in Japan’s general election on Sunday, the nation’s leader has already signaled that the economy is losing momentum heading toward 2022.

That boss, by the way, is not Prime Minister Fumio Kishida, but Japan’s real leader – Haruhiko Kuroda.

As Kishida’s Liberal Democratic Party fumbles on, year after year, Bank of Japan Governor Kuroda has been running the globe’s third-biggest economy behind the scenes. And also tending to the job elected officials refuse to do themselves: attempting to boost wages and national competitiveness.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

close