The big fiscal stimulus enacted this month by Mr Abe will get Japan part way towards his 3 per cent nominal growth target, but advisers to the government say the BoJ needs to pull its weight too.
After eight years of threatening punitive action to compel appreciation of the Chinese currency at a pace deemed acceptable by U.S. politicians (a period, by the way, in which the Yuan appreciated by 30% against the dollar in nominal terms and by much more in real terms), lawmakers may just pull the trigger this time.