Almost a year on from when Japanese Prime Minister Shinzo Abe voiced the need for radical change to kick-start Japan’s moribund economy, analysts remain divided over the success of ‘Abenomics.’
Some say the mix of aggressive monetary policy, fiscal stimulus and economic reform this year has ignited a buzz about the world’s third-largest economy not seen for a long time. Just look at the Nikkei, which is up almost 40 percent this year to easily become the world’s best performing stock market.
Others however, argue that the move towards significant long-term reforms, on which the success of Abenomics is expected to rest, remains to be seen.
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