It's not at all true to say that Abenomics has collapsed

So says, er, PM Abe addressing parliament

No surprises that he's defending his own policies but the jury's definitely out.

No further detail at present.

USDJPY still underpinned at 114.73 with Nikkei 16173.77, +1.0%, but off its earlier highs.

Update 06.01 GMT

  • should be cautious about expanding exemptions to sales tax

Best in 2026

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