The resignation of Prime Minister Fukuda on 1 September after only a year in office attracted little...
The resignation of Prime Minister Fukuda on 1 September after only a year in office attracted little attention outside of Japan. His decision to quit was surprising because not only did he reshuffle his cabinet a month before, but he had also announced a Yen11.7trn ($105bn) economic stimulus package. The stimulus package is designed to kick-start the economy, which contracted in the second quarter, although the measures may not take effect for some time and are far less aggressive than actions in the US and elsewhere. Real GDP declined 2.4% quarter-on-quarter, after strong growth of 3...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes