Abenomics After Abe
Reviving Japan’s sluggish economy will require incoming Prime Minister Yoshihide Suga to make a clear break from his predecessor and patron, Shinzo Abe, and pursue wide-ranging structural reforms. Suga’s best strategy might therefore be to call a snap general election to gain the popular mandate he will need.
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TOKYO – Japan’s parliament is scheduled to confirm Yoshihide Suga this week as the country’s new prime minister. He will replace Shinzo Abe, who announced his resignation last month for health reasons, after almost eight years in office. Japanese and international observers are now asking whether the Abe government’s economic-policy course (dubbed “Abenomics”) will change significantly under Suga, and if so, how.