Prime Minister Shinzo Abe of Japan decided to call for a snap election in late October, to consolidate his control in the legislature. The resulting parliamentary elections soon delivered an electoral win that provided for another super majority. This will allow for two crucial developments in Japan to move forward. The first one will be to continue the economic and financial reforms instituted by the Prime Minister known as Abeconomics, and the other is the push to modify the present wording of […]
Japan
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Elections In Japan Allows Government To Double Down On Abenomics
The electoral victory earlier this month for the government of Japan, will now permit two major goals of Prime Minister Shinzo Abe to come to fruition. That is a revision of the constitution and a doubling down on the economic policy, that has become known as Abenomics. The elections results were most likely seen as a further affirmation that the Japanese people have acceded to the belief, that there is little alternative to what the government now proposes. The ruling coalition not […]
The Economy Of Japan Remains Mired In Recession
Despite the massive quantitative easing and stimulus spending the country of Japan remains mired in recession. The economy shrank at an annualized pace of 1.6% from April to June. Consumers are cutting back on spending and exports seem to be in a new slump, as the world economy slows further. The question for the reformist government of Japan is what to do next, to rekindle growth and investment in the world’s second largest developed economy? Japan is the third largest economy in […]