Michael MoranAugust 5, 2013 05:09
NEW YORK — The headlines read like epitaphs last year when China’s economy overtook Japan’s, which had held the No. 2 spot behind the United States for 42 years. But now Japan has reversed a three-decade decline and put a little pep in its step again. Corporate giants like Sony, Toyota and Panasonic have seen profits soar, and earnings for the second quarter of 2013 reported Thursday exceeded expectations across the board. But many still are skeptical of Prime Minister Shinzo Abe's so-called “Abenomics."