The Mythical Third Arrow

“Bigfoot. Nessie. The Abominable Snow Man. All rumored to exist, but evidence to that effect is a wee bit lacking. Add to that list the promised structural reforms—the third of Japanese Prime Minister Shinzo Abe’s “Three Arrows” economic revitalization plan, also known as “Abenomics.” Abe is once again teeing up investors’ expectations for big reform plans, but talk is cheap. His government’s recent actions suggest their true focus lies elsewhere, and investors who expect meaningful change likely end up disappointed (again).”