Wednesday, June 19, 2013

Loeb Belief in Abenomics Drives Pursuit of a Sony Shakeup

From Bloomberg: Daniel Loeb took his team to Japan in April 2012 to determine if the world’s third-largest economy was ready for investment. The central bank had set a new 1 percent inflation goal, an encouraging step in a country where growth had stagnated for two decades.

Yet Loeb wasn’t convinced until October when polls signaled that the next prime minister would be Shinzo Abe, a pro-business leader who agitated for reforms including a weaker currency and unprecedented monetary easing to end deflation…..


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