LDP Hits The Accelerator - But Growth To Remain SluggishAlthough BMI believes the LDP''s return to office in Japan will boost the country''s economic recovery, wealso think the resulting stimulus will be relatively short-lived and will not be enough to push the GDPgrowth rate up past the 1.0% mark in this year. The new government has signalled its desire to follow anaggressive policy of fiscal and monetary stimulus. The LDP has its eyes on elections to the Upper House,due in July, and is hoping that by boosting the economy it will be able to win a majority in that chamber,currently controlled by the opposition. To that end it has announced that it is looking at new su...
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