Japan awakes from its deep sleep

Japan's prime minister, Shinzo Abe, has breathed new life into the Japanese economy with his range of stimulus measures.

Japan's strong GDP growth of 0.9% in the first quarter, or 3.5% annualised, shows that Shinzo Abe's "shock and awe tactics" are working, says Nancy Curtin of Close Brothers Asset Management.

Japan's prime minister gained office last autumn determined to shake the economy out of its 20-year deep sleep. His three-pronged strategy includes unprecedented money printing, extra government spending worth $100bn, and the promise of pervasive structural reform.

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