Why Japan's Stock Rally Is Abe's to Lose

Why Japan's Stock Rally Is Abe's to Lose Play

Jan. 6 (Bloomberg) -- Japanese Prime Minister Shinzo Abe’s weakening public standing doesn’t bode well for his “third arrow.” The first two -- monetary and fiscal pump priming -- hit the target well enough, as evidenced by the largest Nikkei surge since 1972 but the 2013 rally was always predicated on optimism about the third phase of Abenomics, the structural reforms that have yet to materialize. William Pesek has more on Bloomberg Television's "First Up." (Source: Bloomberg)

  • On Air Now

    The Year Ahead: Innovation Watch Now

  • Next

    Studio 1.0: Aaron Levie

blog comments powered by Disqus