Japan’s Minister Says Abenomics Might Take a Decade to Work

Japan’s aggressive policies aimed at reviving its economy may take 10 years to have a full impact, Akira Amari, Japan’s minister in charge of economic revitalisation, has told the BBC.

Known as Abenomics, these include easing monetary policy, boosting stimulus and reforming key sectors.

Some of these steps have already been introduced and have boosted growth.

But he warned that while it is easy to implement monetary stimulus measures, scaling them back can be tricky.

He told the BBC’s chief business correspondent, Linda Yueh, that Japan’s central bank was likely to “learn from the experiences” of the US Federal Reserve, which is widely expected to reduce its key stimulus programme in the coming months.

“The Fed Chairman, Ben Bernanke, is experimenting with it,” Mr Amari said in an exclusive interview with the BBC.

“That’s why one word from him can move stocks and currencies.”

via BBC

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