Spread Benefits: Growth Industries and Japanese Companies

spread benefits: The fight against deflation has been the toughest challenge for Abe since he became prime minister in December 2012, according to The Japan Times. The Bank of Japan has yet to achieve its 2 percent inflation target. He needs to redouble efforts to spread benefits from the economic recovery across the country, create new growth industries and boost productivity in order to overcome deflation. ; While favorable corporate earnings have contributed to improved employment conditions, personal spending still lacks strength, economists said. The central bank is expected to continue its accommodative monetary policy, but may face growing pressure to reverse course. On the back of the yen's weakening, major Japanese companies have been enjoying strong earnings. The BOJ should start normalizing its monetary policy, said Hisashi Yamada, chief economist at Japan Research Institute. (news.financializer.com). As reported in the news.