Elections to Push Japan Closer to Edge of Fiscal Cliff

As another parliamentary election approaches, Japan appears unlikely to break free of the paralysis that has gripped it in recent years. The campaign issues – which include the debt limit and monetary policy – are serious and require attention if Japan is to avoid falling over a fiscal cliff , but neither the incumbent Democratic Party of Japan nor the opposition, which is expected to win a majority of seats, has a plan for dealing with this, or an idea of how to lift Japan out of its decade-long stagnation.

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