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Japan: the disappointed hopes of the "Abenomics" which were to awaken growth

2020-08-28T18:31:19.861Z


The economic record of Prime Minister Shinzo Abe, who has just announced his resignation due to illness, remains mixed.


The United States popularized "Reaganomics" in the 1980s to refer to the liberal economic policies of Ronald Reagan. Japan has been experimenting with “Abenomics” for nearly eight years. From the start of his mandate, Shinzo Abe appropriated this term to sell his great plan to revive the economy of the Archipelago.

The Abenomics are armed with " three arrows ": the first is unprecedented monetary easing; the second, a fiscal stimulus through the public financing of major works; and the third, a set of structural reforms intended to boost productivity.

The Abenomics provide the " opportunity to end long years of deflation and weak growth ", rejoices the IMF (International Monetary Fund) in a report in spring 2013.

To shoot his first arrow, the Prime Minister appointed governor of the central bank Haruhiko Kuroda, fully committed to his policy. Kuroda will spin the printing press, redeeming

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Source: lefigaro

All news articles on 2020-08-28

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