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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.