James McBride & Beina Xu, CFR
Japan, having fought deflation for more than two decades, remains mired in weak growth despite repeated attempts to revitalize its economy. Just weeks after taking office in December 2012, Japanese Prime Minister Shinzo Abe, who had also led the country from 2006 to 2007, announced plans for a new suite of policies to jolt Japan's stagnating economy out of its deflationary malaise.
