Successor is expected to keep ‘Abenomics’ as the country looks to avoid a return to deflation
Thursday 03 Sep 2020 Author: Yoosof Farah
News of Japan’s prime minister Shinzo Abe stepping down due to ill-health has shocked financial markets. In a flash indication for what it means for Japanese stocks, the country’s benchmark Nikkei 225 index plunged 1.41% in afternoon trading on 28 August shortly before the news was confirmed following widespread speculation. Known for stimulating the country’s growth with his aggressive economic policy known as ‘Abenomics’, the abrupt resignation of Japan’s...