When Japan’s new prime minister Shinzo Abe unveiled his economic program last December, it was greeted with skepticism. How could Japan, which had record levels of government debt, hope to improve its economic performance by incurring still higher levels of debt through an ambitious spending program? But so far, Abe’s “three arrows” of fiscal stimulus, monetary easing, and structural reform seems to be hitting their target. In the first quarter of this year, Japan’s economy grew at an annual rate of 4.1 percent. That’s compared to 1.8 percent in the United States.
The Times has a report this morning on Japanese Prime Minister Shinzo Abe's refusal to apologize for Japan's use of sex slavery during World War II: Speaking in Parliament, Mr. Abe reiterated the position of conservative scholars here that Japanese officials and soldiers did not have a hand in forcing women into brothels, instead blaming any coercion on contractors used by Japan's military.Mr. Abe rejected testimony before a House committee by surviving victims, who said they had been kidnapped by Japanese soldiers to serve in military brothels.