Shinzo Abe on Japan’s Financial State this 2013

2012’s biggest surprise has been the robust rally in the Nikkei 225 Index (NKY)- stock market index for the Tokyo Stock Exchange (TSE). Prime Minister Shinzo Abe has a promise to light a fire under the economy with a massive fiscal effort and pressure the Bank of Japan to set a 2% inflation target and accelerate bond buying, he made the promise when he was an incoming prime minister last year. December 19 last year, the Nikkei broke through the 10,000 mark in early trading in Tokyo and is up about 10% on the year. The strong yen still remains a worry up to today. Due to Japan’s world-class debt mess, now clocking in at about 220% of GDP and so is it’s rapidly aging population, now the third world’s biggest economy are in slow lane at the moment. Full Article