Editorial Board

The Wrong Way to Revive Japan

Prime Minister Shinzo Abe's attempts to game the Japanese stock market will be futile, unless he puts more effort into the harder work of real economic reform.
Japan isn't focusing on the right things.

It's easy to see why Prime Minister Shinzo Abe wants Japan's $1.2 trillion government pension fund to start buying more stocks: A mere rumor about the fund increasing its equity holdings sparked a market rally earlier this week. But attempts to game the stock market have failed to revive Japan in the past and are doomed to failure again, unless Abe puts more effort into the harder work of real reform.

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