Abenomics

Abenomics describes the plans of Japanese Prime Minister Shinzo Abe to revive growth in the world’s third largest economy, which is struggling to find traction under the impact of a strong yen and stubborn deflation. 

Japan’s central bank is expected to maintain its massive stimulus launched in April, which will see it nearly double the monetary base to 270 trillion yen (HK$21.0 trillion) by the end of next year. Photo: Reuters

BOJ maintains stimulus, says economy recovering

The Bank of Japan declared the world’s third-largest economy is recovering as it voted on Thursday to maintain its monetary stimulus, offering a more upbeat view than last month on growing signs the benefits of its expansionary policy are broadening.