Reagan Lives! That’s Bad News for Japanese.
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July 26 (Bloomberg) -- The Ronald Reagan moment Japaninvestors have long fantasized about has finally arrived.
Shinzo Abe’s plan to restore Japan’s economic might drawsheavily upon principles long associated with the former U.S.president: welfare-spending cuts, debt-swelling tax reductionsfor the wealthy and corporations, deregulation, a lowering oftrade barriers, and reforms that make it easier to fire workers.