Japanese Doctors Against Abenomics Plans

Japanese Prime Minister Shinzo Abe wants to promote the advanced medical technology industry as part of a plan to breathe new life into the economy – but the country’s doctors’ lobby is opposing what they say is risky surgery.

Health care has become the latest battleground in Abe’s efforts to craft a strategy to engineer growth in the world’s third biggest economy, the so-called “Third Arrow” of his economic turnaround plan.

The plans include changes to the country’s universal health insurance system – as cherished in Japan as the National Health Service is in Britain – in order to boost growth by increasing demand for innovative drugs and medical devices.
The debate is being cast as a litmus test of Abe’s commitment to deregulation as he attempts to revitalise Japan’s stagnant economy. It also illustrates the opposition that Abe, who returned to power after his Liberal Democratic Party’s (LDP) big election win in December, faces from within his own camp.


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Mingze Wu

Mingze Wu

Currency Analyst at Market Pulse
Based in Singapore, Mingze Wu focuses on trading strategies and technical and fundamental analysis of major currency pairs. He has extensive trading experience across different asset classes and is well-versed in global market fundamentals. In addition to contributing articles to MarketPulseFX, Mingze centers on forex and macro-economic trends impacting the Asia Pacific region.
Mingze Wu