Topic

Abenomicsi

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

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  • Shinzo Abe’s three-pronged Abenomics approach has long been cited by Chinese policy advisers as a warning against unconventional policy loosening
  • Beijing has avoided all-out stimulus after efforts to avert the financial crisis in 2008 led to high local government debt, a rising household leverage ratio and a property bubble
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Whoever takes Shinzo Abe’s place must navigate South China Sea perils, an ugly US election, territorial disputes with China and Russia, and a riddle about pacifism. 

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‘Poor health should not lead to wrong political decisions,’ Abe says, as he ends his run as the country’s longest-serving premier due to a relapse of his chronic illness.

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Prime Minister Shinzo Abe reportedly vomited blood in his office last month and has been out of the public eye for weeks, fuelling speculation the 65-year-old may need to step down.

Shinzo Abe’s economic plan has clearly failed to bring the growth he promised, and more disappointment lies ahead with a slump in global demand and Japan’s continually ageing society.