The Wrong Way to Revive Japan
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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