Loeb Belief in Abenomics Drives Pursuit of a Sony Shakeup

Activist Daniel Loeb took his team to Japan in April 2012 to determine if the world’s third-largest economy was ready for investment. The central bank had set a new 1 percent inflation goal, an encouraging step in a country where growth had stagnated for two decades.

Yet Loeb wasn’t convinced until October when polls signaled that the next prime minister would be Shinzo Abe, a pro-business leader who agitated for reforms including a weaker currency and unprecedented monetary easing to end deflation.