Donald Trump plan to boost Japan, says economist

For now, the global winds are at Japan’s back.

US president-elect Donald Trump’s promise to fire up growth by cutting taxes and developing a trillion dollars of infrastructure has helped fuel a dollar rally that has weakened the yen by nearly 8.5% since the day before the election, almost certainly bringing relief to Japanese policy makers.

Add rising oil prices, the likelihood of higher interest rates in the US and a global shift toward fiscal stimulus to spur growth, and you have a recipe for Japan’s economy gaining some traction next year.