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Tag Archives: Bank of Japan

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.

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.