Abenomics: Did Japan’s Economic Experiment Work?
Abenomics is the economic policies introduced by Japanese Prime Minister Shinzo Abe in 2012, aimed at reviving Japan’s stagnant economy. It focused on “three arrows”: aggressive monetary easing, fiscal stimulus, and structural reforms. The goal was to combat deflation, boost growth, and increase competitiveness in global markets.
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3 Comments
Do you think Abenomics worked for Japan?
Japan seems to be stuck in time no matter what they do.
Inconvenient fact: The reason Japan has been in recession for over 30 years is because it lost the authority to autonomously operate its military and the commercial spirit disappeared in society. In fact, the generation who served in the military were the leaders of society until the 1980s, but after they retired, no one acts like a medieval samurai. They don't want to step forward bravely or even take responsibility.