Abenomics shifts to new fiscal tack, with the accompanying rise in risk

Tokyo

JAPANESE Prime Minister Shinzo Abe's "Abenomics" policies are expected to enter a new stage this month with the so-called first and second policy "arrows" - monetary and fiscal stimulus - being combined in a more direct way, so as to boost their impact on the world's third-largest economy.

Having acted already to prevent the flagging economy from being floored by a previously planned (but now delayed) hike in Japan's national consumption tax, Mr Abe will follow up shortly with a fiscal spending package and the Bank of Japan (BOJ) is expected to come through with actions to finance it.