THIS WEEK'S TOPIC: How will the Bank of Japan's latest monetary easing affect economic sentiment and business decisions globally?
Yeoh Oon Jin
DESPITE the positive equity market reaction, it's tempting to view the Bank of Japan's (BOJ) "shock" announcement of a major extension to its quantitative easing (QE) programme as evidence that Abenomics is not working. Japan is, indeed, still struggling with deflationary pressures and anaemic growth. However, while structural reform is also crucially necessary, BOJ governor Haruhiko Kuroda could just have made the hitherto elusive "bold move" that will jerk the Japanese economy back to ruder health. And perhaps it may even...