video Finance Videos
Japan Abe's $5trln popularity plan?
Thursday, September 24, 2015 - 01:39
Japanese Prime Minister Shinzo Abe has announced a plan to raise gross domestic product by around 22 percent to 600 trillion Japanese yen ($5 trillion). As Sonia Legg reports, he is refocusing on the economy after the passage of controversial security bills eroded his popularity
▲ Hide Transcript
▶ View Transcript
Japan's had a pacifist constitution for decades. So a new law allowing troops to fight overseas for the first time since 1945 was never going to be popular. In fact it brought tens of thousands onto the streets last week in protest. It also dented prime minister Shinzo Abe's popularity rating - hence a new economic initiative just a week later. Abe's unveiled a new social and economic plan to raise gross domestic product by nearly a quarter to 600 trillion Japanese yen - that's $5 trillion. (SOUNDBITE) (Japanese) JAPANESE PRIME MINISTER, SHINZO ABE, SAYING: "In order to bring the economy back on a strong recovery path, we will enact drastic reforms in productivity, widely expand our economy out to the world, and push for policies that will bring in foreign investment and talent." Fine words and intentions but there was no time frame for the improvements. That leaves some with doubts. Justin Urquhart Stewart is from Seven Investment Management (SOUNDBITE) (English) HEAD OF CORPORATE DEVELOPMENT, SEVEN INVESTMENT MANAGEMENT LLP, JUSTIN URQUHART-STEWART, SAYING: "Trying to get GDP going is a little like trying to deal with a wet box of matches It's going to take rather a lot of matches to get the fire going - it's going to take a lot of money and is it going to work? Well the last one wasn't that successful so for the time being I think an awful lot of people are going to be suitably inscrutable and suitably cynical." Abe launched a money-printing initiative after he came to power in 2012. Abenomics was praised by many. But analysts say Japan will have to see levels of growth not experienced for 20 years if it's to reach this new target. And time isn't on Abe's side. In 10 months he'll face an election in Japan's upper house.
Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code
Japan Abe's $5trln popularity plan?
Thursday, September 24, 2015 - 01:39
Top News »
3:25pm EDT - (1:01)
2:24pm EDT - (0:30)
2:23pm EDT - (0:31)
1:13pm EDT - (0:31)
11:18am EDT - (1:29)
8:37am EDT - (1:12)
8:16am EDT - (1:07)
7:59am EDT - (0:43)
7:03am EDT - (1:43)
5:54am EDT - (2:03)
Thu, Apr 19, 2018 - (2:16)
Thu, Apr 19, 2018 - (1:20)
Migrant Crisis »
Fri, Mar 16, 2018 - (0:50)
Fri, Dec 22, 2017 - (1:52)
Fri, Dec 22, 2017 - (1:07)
Fri, Dec 22, 2017 - (1:37)
Editors' Picks »
11:16am EDT - (1:24)
6:47am EDT - (2:04)
Thu, Apr 19, 2018 - (0:57)
Thu, Apr 19, 2018 - (1:45)
Tue, Apr 17, 2018 - (2:44)
Tue, Apr 17, 2018 - (2:15)
Mon, Apr 16, 2018 - (1:59)
Fri, Apr 13, 2018 - (1:09)
Fri, Apr 13, 2018 - (2:15)
Fri, Apr 13, 2018 - (1:40)
Politics »
8:16am EDT - (1:07)
Thu, Apr 19, 2018 - (2:16)
Thu, Apr 19, 2018 - (1:32)
Thu, Apr 19, 2018 - (1:00)
Thu, Apr 19, 2018 - (0:32)
Thu, Apr 19, 2018 - (1:37)
Wed, Apr 18, 2018 - (0:58)
Wed, Apr 18, 2018 - (0:35)
Wed, Apr 18, 2018 - (0:45)
Tue, Apr 17, 2018 - (1:45)
Tue, Apr 17, 2018 - (2:33)
Innovations »
Thu, Apr 19, 2018 - (1:54)
Wed, Apr 18, 2018 - (1:03)
Wed, Apr 18, 2018 - (1:01)
Tue, Apr 17, 2018 - (2:15)
Mon, Apr 16, 2018 - (1:54)
Mon, Apr 16, 2018 - (0:50)
Fri, Apr 13, 2018 - (2:15)
Thu, Apr 12, 2018 - (1:41)
Wed, Apr 11, 2018 - (2:10)
Tue, Apr 10, 2018 - (1:37)
Entertainment »
12:34pm EDT - (1:31)
11:18am EDT - (2:10)
2:51am EDT - (0:49)
Thu, Apr 19, 2018 - (1:19)
Thu, Apr 19, 2018 - (1:27)
Thu, Apr 19, 2018 - (1:28)
Thu, Apr 19, 2018 - (1:36)
Wed, Apr 18, 2018 - (1:04)
Wed, Apr 18, 2018 - (1:54)
Tue, Apr 17, 2018 - (1:45)
Rough Cuts »
8:00am EDT - (0:57)
7:59am EDT - (0:43)
Thu, Apr 19, 2018 - (0:54)
Thu, Apr 19, 2018 - (0:55)
Thu, Apr 19, 2018 - (2:09)
Thu, Apr 19, 2018 - (1:22)
Thu, Apr 19, 2018 - (2:22)
Thu, Apr 19, 2018 - (0:32)
Thu, Apr 19, 2018 - (1:31)
Thu, Apr 19, 2018 - (1:36)
Wed, Apr 18, 2018 - (0:58)
Wed, Apr 18, 2018 - (1:37)
Moving Pictures »
Tue, Apr 03, 2018 - (1:46)
Fri, Mar 02, 2018 - (2:13)
Thu, Feb 08, 2018 - (1:43)
Thu, Jan 04, 2018 - (1:01)
Fri, Dec 22, 2017 - (2:08)
Reuters Investigates »
Wed, Oct 11, 2017 - (10:18)
Wed, Aug 23, 2017 - (6:44)
Thu, Mar 16, 2017 - (2:26)
Tue, Nov 01, 2016 - (2:15)
Thu, Sep 29, 2016 - (2:19)
Fri, Aug 05, 2016 - (2:04)
Mon, Mar 28, 2016 - (3:02)
Thu, Mar 10, 2016 - (2:34)
Mon, Dec 07, 2015 - (2:58)
Mon, Dec 07, 2015 - (2:20)
Mon, Dec 07, 2015 - (0:35)
Mon, Dec 07, 2015 - (3:53)
Dateline Asia »
Tue, Dec 05, 2017 - (2:06)
Tue, Dec 05, 2017 - (2:11)
Fri, Dec 01, 2017 - (2:04)
Thu, Nov 30, 2017 - (2:10)
Thu, Nov 30, 2017 - (2:14)
Wed, Nov 29, 2017 - (2:11)
Tue, Nov 28, 2017 - (1:55)
Tue, Nov 28, 2017 - (2:21)
Mon, Nov 27, 2017 - (2:25)
Fri, Nov 24, 2017 - (2:16)
Fri, Nov 24, 2017 - (2:14)
Thu, Nov 23, 2017 - (2:18)