Japan: Political Reform Essential

Japan Political Reform EssentialBy Frances McCall Rosenbluth* | IDN-InDepth NewsAnalysis

NEW HAVEN (IDN | Yale Global) – The Liberal Democratic Party’s landslide victory in Japan’s House of Councillors elections on July 21 was good news for the Japanese economy – the third largest in the world. Prime Minister Abe Shinzo’s Keynesian spending policies are exactly what’s needed to pull the country out of the prolonged economic malaise that has lasted, shockingly, for more than two decades since Japan’s asset bubble burst in1991.

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