Facebook Needs a Dislike Button for Abe’s Ideas
This article is for subscribers only.
Nov. 27 (Bloomberg) -- For Shinzo Abe, it isn’t enough tosee Sony Corp. and Panasonic Corp., two icons of industrialJapan, reduced to junk-debt status. The man who probably willbecome prime minister next month might do the same for the yen.
That is the upshot of his desire to browbeat the Bank ofJapan into unlimited easing. Granted, his Liberal DemocraticParty did that for most of the half-century it was in poweruntil 2009. But Abe’s designs on the BOJ smack of a monetaryjihad that would do more harm than good.