Japan’s Abe set for second term, to tap allies for cabinet

Japan's incoming PM and the leader of Liberal Democratic Party Abe attends a news conference in TokyoTOKYO (Reuters) – Shinzo Abe will be voted in as prime minister by parliament's lower house on Wednesday, giving the hawkish lawmaker a second chance at Japan's top job as the country battles deflation and confronts a rising China. Abe, 58, whose party surged back to power in this month's election, has promised a two-pronged policy of aggressive monetary easing by the Bank of Japan and big fiscal spending by the debt-laden government to slay deflation and rein in the strong yen that makes Japanese exports more costly. …




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