What is Abenomics?

  • Economic policy of Japan PM Shinzō Abe, introduced in his second term commencing Dec. 2012.
  • Based on "3 arrows" of [1] fiscal stimulus, [2] monetary easing and [3] structural reforms (i.e. reflation + government spending aimed to kill the 20 year recession Japan has suffered).
  • As of Dec. 2014, mixed results as worse than expected recession but strong current account (due to weaker yen, strong exports and resurgent tourism receipts).

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