Business

Effectiveness of Japan's Abenomics up for debate

Japanese Prime Minister Shinzo Abe, centre, poses for a group photo with members of Japanese pop group Momoriro Clover Z and Japanese child actors wearing Japanese kimono during a cherry blossom viewing party hosted by Abe at Shinjuku Gyoen National Garden in Tokyo on Saturday
TOUTED by many as Japan's last chance to maintain relevance as a major economic power, Abenomics was intended as a bold mix of monetary easing, fiscal stimulus and structural reforms designed to revitalise the world's third largest economy. Yet despite all the hype it garnered among investors, its actual effectiveness is still subject to debate. On one hand, there are signs that Japan is finally beginning to escape from deflation. Meanwhile, evidence of structural change has started to emerge, with Japan's recent signing of the Trans-Pacific Partnership (TPP) trade agreement and rising femal[...]
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