Five years after Shinzo Abe swept to power in Japan, how has his prized Abenomics policy fared at helping the economy? Jeremy Osborne, investment director of the Fidelity Japanese Values PLC trust, comments.
Five years after Shinzo Abe swept to power in Japan, how has his prized Abenomics policy fared at helping the economy? Jeremy Osborne, investment director of the Fidelity Japanese Values PLC trust, comments. The centrepiece of Abenomics lies in the three "policy arrows" of aggressive monetary policy, flexible fiscal policy and structural reforms. While critics point to muted wage growth and low inflation as evidence that Abenomics has failed to produce the intended result, such a simple diagnosis ignores how much has been achieved. Over the past five years, the Japanese economy ha...
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