Why Abenomics May Not Save Japan In The Long Run
The latest electoral victory in the Upper House of the Japanese Diet by Prime Minister Shinzo Abe’s ruling Liberal Democratic Party gives him a huge legislative advantage when it comes to pursuing his reflationary monetary, fiscal and economic policies known as Abenomics.
The Nikkei 225 Index has enjoyed an explosive rally this year on investor optimism that Abe can finally lift Japan out of its two-decade run of sub par growth, including five recessions.
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