Where is Japan on the Abenomics trajectory?

Where is Japan on the Abenomics trajectory?

  • Japan economy faces big structural problems after 20 years of recession, i.e. decreasing population, ageing society, slow investment and low productivity.
  • Abenomics = PM Abe's plan for sorting out the economy, and has "Three Arrows": [1] Fiscal stimulus, [2] Monetary easing and [3] Structural reforms (i.e. addressing government debt).
  • [1] and [2] have been fired with mixed results - now [3] needs to happen big-time if Japan wants to avoid either fiscal collapse or a drop in living standards over the next few decades.
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