When Abenomics was launched and large-scale QE introduced to much fanfare a few years ago, the bold message communicated was we could expect monetary policy easing on a scale not previously seen.
Its intention was to shock expectations and re-energise Japan's flagging economy. This intended to ignite an economy that has been stagnant for 20 years and is thought by some to be Japan's last chance to remain a world power. We are now three years on and many are beginning to question the long-term sustainability of Abenomics and what the future health of Japan will be. In mid-November last year, the Bank of Japan announced it would maintain its current QE program after admitting economic growth and inflation had not picked up to the extent hoped for and in late January, the Bank...
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