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I Shot My Arrow in the Air

This is the March issue of Richard's the Oriental Economist Report covering a range of political and economic issues in Japan.

TOE Alert: GPIF Sses Pensioners' Money to Boost Stock Prices

The stock monitor in Prime Minister Shinzo Abe’s office is just one of the indicators of the degree to which he sees rising stock prices as pivotal to approval ratings. In the past, he has used “jawboning” to try to raise stock prices. Now, he is using the money of Japan’s retirees and soon-to-be retirees.