Shinzo Abe From Komfie Manalo, Opalesque Asia – Japanese Prime Minister Shinzo Abe’s so-called Abenomics that is centered on its "three arrows" policy are necessary for the country’s economy to succeed, said Rory Kennedy of
Rogers Advisory in the latest 2013 Opalesque Japan Roundtable.
"If the public 'three arrows’ of Abenomics are monetary easing, increased government spending and fiscal reforms, I think the hidden three arrows of Abenomics necessary to succeed are the government, the bureaucracy and the people all to act in concert and that's what we are seeing right now," Kennedy told hedge fund managers who attended the gathering.
The 2013 Opalesque Japan Roundtable was sponsored by Eurex and Taussig Capital and took place on April 24th in Tokyo.
Kennedy made the statement in reaction to a view given by Peter Tasker of Arcus Research Ltd., which has been involved in managing hedge and long only money in the Japanese market since 1999, saying that Japan is the only country that's actually been in deflation.
Tasker said, "Now they want to get out of it. This is a huge shift in policy and will have a radical impact on perceptio......................
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