According to a Japanese fable, three arrows bound together can’t break. That symbolism explains Abenomics, the radical economic triad of fiscal stimulus, monetary easing and structural reforms that Japanese prime minister Shinzō Abe has undertaken. This Economist Intelligence Unit report on Japan concludes that, despite Abenomics’s initial boost, an aging population, ultrahigh government debt and rising consumer taxes mean economic growth will fall well short of the mark up to 2018. getAbstract recommends this concise report for its depth of knowledge and scope of vision into Japan’s economic and political future.
In this summary, you will learn
- What challenges Japan’s government will face over the next several years;
- Why, despite policies to stimulate Japan’s economy, the nation’s growth will remain lackluster; and
- How massive public debt and demographics affect Japan’s future.
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The Economist Intelligence Unit is an independent research and analysis organization.