Japan's stimulus efforts come up short

Businessmen and women cross a road in Tokyo on February 17, 2014. Japan's economy logged its best performance in three years as Premier Shinzo Abe's growth blitz drove the expansion, but weak second-half data and an April sales tax rise are likely to dampen hopes for a firm recovery. The 1.6 percent expansion last year marked the first annual figures under Abe and his policy blitz dubbed Abenomics, after the conservative swept national elections on a ticket to restore Japan's fading status as an economic superpower.

There's news that despite aggressive efforts to pump money into the Japanese economy, the effort isn't going that well. The Japanese government today reported the economy there October to December grew at an annualized rate of just 1 percent, much lower than forecast. BBC's Rupert Wingfield-Hayes joined us from Tokyo to help digest the news.

Click play above to hear the interview.

About the author

David Brancaccio is the host of Marketplace Morning Report. Follow David on Twitter @DavidBrancaccio


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