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

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.