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From Ambrose Evans-Pritchard, Telegraph UK: For now, at least, Mr Abe's broader economic gamble is working
From Ambrose Evans-Pritchard, Telegraph UK: For now, at least, Mr Abe's broader economic gamble is working. The Bank of Japan's vow to purchase $75bn a month of Japanese bonds and double the monetary base by mid-2014 has been electrifying. Growth was 4.1pc in the first quarter and 3.8pc in the second quarter, making Japan the fastest-growing economy in the G7 so far this year. The question is whether it is a monetary sugar rush or a genuine revival. Failure to find affordable energy quickly could prove the Achilles Heel of Abenomics.
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Tom McKay is the Co-Founder and Managing Director of Livewire. Tom's passionate about democratising access to high quality investment ideas and insights, so all investors can make more informed and successful investment decisions.
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