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Japan PM's "Third Arrow" reforms seen short of overhaul

Anyone expecting a broad overhaul of Japan's economy that would remove barriers to competition will likely be disappointed when Prime Minister Shinzo Abe launches his "Third Arrow" policy next month, but those with more modest expectations may be pleased.Abe has promised to make structural reform and deregulation a key part of his growth strategy, the third tranche of his "Abenomics" prescription after hyper-easy monetary policy and big spending.The monetary and fiscal stimulus has already sparked Japan's fastest economic growth in a year in the first quarter, but corporate investment has yet to follow suit."The 'Third Arrow' was never going to be a magic bullet because deregulation means changing behavior and moving from vested interests to new entrant investment," said Jesper Koll, head of Japanese equities research at JP Morgan in Tokyo."But they are pushing ahead. There is a growth strategy. The radical stuff is out and it was never going to be there, because you are in a country t...

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  10. Italy Political Turmoil Sends Euro Below $1.28

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  11. Bersani: Only 'insane' Would Want To Run Italy

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  1. U.S. Opposes Japan's Nuclear Plan

    Japan is preparing to start up a massive nuclear-fuel reprocessing plant over the objections of the Obama administration, which fears the move may stoke a broader ra...

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    Prosecutors charged Germany's former President Christian Wulff on Friday with accepting bribes, an unprecedented move that could be damaging for Chancellor Angela Me...

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