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Doubts on ability of PM Abe to repair Japan are on the rise: Societe Generale

Quotes from Societe Generale Cross Asset Research: -Doubts on the ability of PM Abe to repair Japan are on the rise. Subdued growth is the central scenario: even after a 35% fall in the yen from its 75 high against the U…

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Quotes from Societe Generale Cross Asset Research:

-Doubts on the ability of PM Abe to repair Japan are on the rise. Subdued growth is the central scenario: even after a 35% fall in the yen from its 75 high against the USD, and even after the USD1,300bn injected since November 2012, SG economist Takuji Aida expects 2015 growth to be a humble 1.6%. The latest disappointing GDP print (2.2% vs 3.7% expected) only adds to the uncertainty.

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