Abenomics Needs Cheap Nuclear Power to Work
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June 3 (Bloomberg) -- Everybody knows that Japan has anenergy crisis. We also know that the yen has greatlydepreciated, by some 20 percent in just a few weeks. It’s timeto put these two facts together.
“Abenomics,” the shorthand for the aggressive economicstrategies being pursued by Prime Minister Shinzo Abe, is thehot thing in Asia. What wonders will the weak yen work forJapan’s export machine? Is a recovery just around the corner?Despite its volatility, Japan’s stock market says so, andforeign investors, in particular, like the prospects.