TOKYO — Political uncertainty after Japan's election shock risks slowing economic reforms, pushing up government spending and even holding up the Bank of Japan's (BoJ) exit from its outlier monetary policy, economists said.
TOKYO — Political uncertainty after Japan 's election shock risks slowing economic reforms, pushing up government spending and even holding up the Bank of Japan 's exit from its outlier monetary policy, economists said.Postwar Japan has long been a byword for political stability with the conservative, market-friendly Liberal Democratic Party , in power for all but four of the last 69 years.
Media reports suggest that Ishiba would issue a new economic policy package next month and plans to include some proposals from the DPP.' Ishiba appears to appreciate fiscal discipline, he likely continue to compromise and refrain from discussing additional revenue measures, even though they are important in the long run,' said Shigeto Nagai at Oxford Economics.The Japan Business Federation, or Keidanren, urged parties to overcome differences and concentrate on growing the economy.
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