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Monday, April 22, 2013

Japan previews "third arrow" of economic policy.

 Japanese Prime Minster Shinzo Abe's "third arrow" of a three-part economic policy aimed to boost growth included a promise for more free trade deals. Arrows one and two - super-easy monetary policy and a big boost in government spending - have Japanese markets and Abe riding high. Skepticism about part three runs high though, as few complain about printing money and boosting spending, but opening trade in Japan would require serious reform.

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