Recession Gives Abe More Ammo For Growth Battle
His tough talk has brought change to Japan's central bank and pushed the yen to 33-month lows. But Prime Minister Shinzo Abe hasn't been able to lift the country out of recession yet. The world's third biggest economy shrank for a third straight quarter in the last three months of 2012, defying hopes for mild growth. Economists like Takuji Okubo of Japan Macro Advisors say the disappointing numbers will give Abe more justification for his aggressive pro-growth policies.
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