The lower house of Japan's parliament approved Shinzo Abe as Prime Minister on December 26, giving the hawkish lawmaker a second chance at the top job as the country battles deflation and confronts a rising China. Abe, 58, has promised aggressive monetary easing by the Bank of Japan and big fiscal spending by the debt-laden government to slay deflation and weaken the yen to make Japanese exports more competitive. ...
01:01 PM, Dec 26, 2012
