Paul Krugman: Japan: Don't Ruin a Good Thing

So far, Abenomics has been going really, really well.

By signaling that the Bank of Japan has changed, that it won't snatch away the sake bottle just as the party gets going, that it's going to target sustained positive inflation, and also by signaling that some fiscal stimulus is forthcoming despite high levels of debt, Japanese authorities have achieved a remarkable turnaround in short-term economic performance.