in_the_media
What does 2013 hold in store for Japan's new prime minister?
Posted Dec 20, 2012
Media Outlet:
Business Week
In a compilation of 2013 forecasts, Jeff Kingston of Temple University, Japan Campus, offered his take on Shinzo Abe, Japan's new prime minister. "Abe is going to hit the ground running," Kingston said. "He can get broad agreement on a 10 trillion yen ($120 billion) stimulus package with infrastructure spending to jolt the economy out of recession. That will add to Japan’s pile of debt, but after you [top 200 percent] of GDP, what's another 10 trillion yen?"