Former PM Shinzo Abe is campaigning on joint monetary and fiscal stimulus to end persistent deflation . The Japanese government has been pushing for a more aggressive policy response in the face of an economic slowdown that threatens its recovery. And Japan 's long-term interest rates have fallen to their lowest levels since 2003 . Given political constraints , Abe is unlikely to secure the working majorities needed to pass such legislation , Scicluna writes .
Former PM Shinzo Abe is campaigning on joint monetary and fiscal stimulus to end persistent deflation . The Japanese government has been pushing for a more aggressive policy response in the face of an economic slowdown that threatens its recovery. Given political constraints , Abe is unlikely to secure the working majorities needed to pass such legislation , Scicluna writes .