[Newsmaker] Surprise recession threatens Abenomics
World BusinessNov 18, 2014
With Japan’s slump into its fourth recession since 2008 threatening the failure of the Abenomics reflation program, Prime Minister Shinzo Abe’s administration is taking steps to shore up growth for the coming year.Economy Minister Akira Amari told reporters Monday in Tokyo there is a high chance of a stimulus package. Etsuro Honda, an adviser to Abe, said a 3 trillion yen ($26 billion) program was appropriate and should go toward measures that directly help households, such as child care support