Japan economy at critical juncture as virus risks growth, Olympics

Hit hard by the coronavirus outbreak, Japan's economy faces its biggest challenge in more than a decade, with analysts warning of a technical recession and even the worse if this summer's Tokyo Olympics is cancelled.The epidemic has also hurt the credibility of Abenomics, a policy mix adopted by Prime Minister Shinzo Abe after he took office in 2012, which the government says has helped, together with a robust stock market, expand the economy.But as the Bank of Japan is widely seen as running short of policy tools to further boost the economy after years of massive monetary easing, Abe is n…READ FULL ARTICLE