Facebook Needs a Dislike Button for Abe’s Ideas
For Shinzo Abe, it isn’t enough to see Sony Corp. and Panasonic Corp., two icons of industrialJapan, reduced to junk-debt status. The man who probably will become prime minister next month might do the same for the yen.
That is the upshot of his desire to browbeat the Bank of Japan into unlimited easing. Granted, his Liberal Democratic Party did that for most of the half-century it was in power until 2009. But Abe’s designs on the BOJ smack of a monetary jihad that would do more harm than good.