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Bank of Japan’s monetary policy: Japan and Australia

Last year on December 26th, Shinzo Abe assumed office as Japan’s current Prime Minister and immediately began fulfilling his electoral campaign promises of bringing sweeping economic reform and output growth to the world’s third largest economy. After suffering decades of lacklustre output and many failed attempts to induce growth, Abe’s policies, both currently implemented and in the pipeline, are the biggest things to hit Japan since Godzilla itself.

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All Eyes on Japan as New Asia-Pacific Trading Bloc Takes Shape

It is expected that Japanese Prime Minister Shinzo Abe will announce Japan’s entry into Trans-Pacific Partnership (TPP) free trade talks in the next few days. The TPP economies already account for 30 per cent of global output and 20 per cent of the world’s exports of goods and services. The addition of Japan would make that 40 per cent of global output and add significant heft to the agreement.

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