ASSESSMENTS

Japan Looks to Escape Its Economic Slump

Jan 2, 2017 | 13:40 GMT

Japan Looks to Escape Its Economic Slump
If current trends continue, 2017 could be the year Japan finally sees some sustainable inflation.

(KAZUHIRO NOGI/AFP/Getty Images)

Despite the upheavals of 2016, Japan plans to begin the new year by staying its economic course. In a monetary policy meeting on Dec. 20, the Bank of Japan chose to hold its interest rates steady -- an unsurprising decision, given that in September the bank launched a major overhaul of its monetary policy, shifting from a quantitative focus on bond-buying to a more relative approach aimed at keeping bond prices stable. Still, much has changed in the global economy in the past three months, and the Japanese government must now contend with an entirely different set of circumstances in 2017. Some of these changes are for the better, but some could also create new problems over the coming year....

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