Abe makes history, supplementary budget, 50-yr JGBs?

Shinzo Abe became Japan’s longest serving Prime Minister this week but his track record on the economy is mixed. Meanwhile, the ¥10 trillion supplementary budget that the government are reportedly considering would help prop up the economy amidst weak domestic and external demand. But a lot will depend on whether temporary measures to support the economy included in the regular budget for the current fiscal year will be rolled over into next year’s regular budget.