With caution, Japan’s neighbors welcome ‘Abenomics’
By Rajesh Kumar Singh and Tetsushi Kajimoto GREATER NOIDA, India (Reuters) – Emerging Asian neighbors are bracing for a surge in capital flows after Japan’s unprecedented bid to pump up its long-moribund economy but most believe the upside of cheap cash and a stronger Japanese economy outweighs the risks. The Bank of Japan stunned global markets last month with its plan to release some $1. 4 trillion to end nearly two decades of stagnation and deflation, adding to the wave of quantitative easing stimulus already unleashed by central banks including the U. S. . . .
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