Japan’s Revival thanks to Year of Abenomics

It has been a year since Shinzo Abe first set out his ambitious turnaround plan for Japan, and seven months since the central bank opened its taps in a bid to jolt the economy out of stagnation.

By most accounts, Japan’s bold — some would say audacious — strategy is working pretty well.

Prime Minister Abe has increased government spending and installed a central banker who is not afraid to use aggressive monetary policy. Abe has even raised Japan’s sales tax in a nod to budget discipline.

CNN

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