Abenomics and Asia
Japanese Prime Minister Shinzo Abe’s economic agenda seems to be working for his country. The question now is whether Abenomics can achieve its goals without destabilizing the world economy, especially neighboring Asian economies.
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SEOUL – Japanese Prime Minister Shinzo Abe’s economic agenda – dubbed “Abenomics” – seems to be working for his country. Expansionary monetary policy is expected to inject liquidity into the Japanese economy until inflation hits the Bank of Japan’s 2% target, while expansionary fiscal policy is expected to continue until economic recovery takes hold.