U.S., Japan leading recovery in major economies: OECD

Unless Abe-san and Kuroda-san come up with serious structural reform policies, Japan will not be able to pull out of its debt/deflation spiral. Unless real growth in the domestic economy can be ignited, Abenomics will fail.

Unfortunately, it seems as if the 'Third arrow' of structural reform is the weakest one, even though it is clearly the most important one. QE can not solve anything on its own. It will be like pouring water into a leaking bucket.

Something more has to happen (and soon) for Japan to achieve take-off.

http://nipponmarketblog.wordpress.com/2013/06/01/japan-has-now-reached-v1/