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Tag Archives: Abenomics

Abe’s Coup in Seven Simple Steps

In case anyone is wondering how Prime Minister Shinzo Abe pulled off his coup against the postwar Japanese Constitution in just two-and-a-half years in power—and thus fulfilling his lifelong dream of restoring Japan as a nation with pride—here’s the process in seven simple steps.

Abenomics is Dying

A policy begins when it is announced by its policymakers, but it can be a much trickier matter to judge when a policy ends. Still, we may now say with some degree of confidence that the era of Abenomics is coming to an end. This is not dependent on whether today’s market meltdown in China is just a blip on the screen or the signal for something much more significant.

Abenomics Beyond the Nikkei

The Nikkei, Japan’s most important stock index, hit a 15-year high last Friday with closing figures above the 19,000 mark. The advance of the stock market, which is largely owed to multinationals operating overseas profiting from Abenomics’ policy of monetary easing, along with a stable increase in demand from the United States, is a welcome success for Prime Minister Shinzo Abe, whose hesitance to implement or clearly define the crucial “third arrow” of his economic policy has been criticized by politicians and economists alike.

Abenomics’ Arrows Yet to Hit the Mark

One of the major reasons for Prime Minister Shinzo Abe’s reelection last December, apart from a weakened and divided opposition, was the stability of economic policy. With a weakened yen, a stock index that is surging, and long-awaited inflation instead of deflation, Abe has been able to claim several successes.

The Big Fizzle

The script has all the right drama: Two former Japanese prime ministers, deeply disappointed by their bungling successors, rise from comfortable retirement to do political battle once more. And, yes, there is good cause too.

Shinzo Abe’s True Colors Emerge

For almost a year now after his thumping victory in December 2012 we have found ourselves surprised again and again by Shinzo Abe. We have asserted repeatedly that the Abe that we were witnessing was not the “real” Abe, and that the agenda he was pursuing was based on a tactical calculation about what was necessary to maintain public support, but not a reflection of his basic character.

Shinzo Abe Loses His Grip on the Hard Right

As anyone who studies Japanese political history of the 1930s can attest, the rightwing forces in this nation can be a fractious lot. Once the spirit of nationalism rages, any sort of moderate, compromising behavior can be denounced as treason. Shinzo Abe came to power as a spokesman for the hard right, but after ten months of reasonably cautious behavior, a good chunk of this movement is ready to turn against him.

TPP Rush Rattles the Ruling Party

“Joining the Trans-Pacific Partnership negotiations is a far-sighted policy,” declared Prime Minister Shinzo Abe to his Cabinet and journalists on Friday, “Japan should play a leading role toward a year-end deal.” The prime minister may be exactly right, but the fact is that very few independent observers have any firm basis for making a judgment. Not only are the TPP talks highly complex, they are also secret and moving very quickly.