Is Abe at a Loss about What to do About Policy in Japan?
Japan’s Topix index closed higher after fluctuating for most of the day as investors weighed the impact of strong-than-expected economic growth on the government’s decision on future stimulus and a planned sales tax hike. Data showed gross domestic product expanded an annualized 1.7 percent in the three months through March, beating economist estimates for 0.3 percent growth, and averting a recession. The economy shrank a revised 1.7 percent in the previous quarter. Saxo Bank CIO Steen Jakobsen discusses the outlook for Japan with "On the Move" hosts Matt Miller in Berlin and Guy Johnson in London.