Author : Mr.Dennis P Botman
Release : 2015-02-13
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Kind : eBook
Book Rating : 594/5 ( reviews)

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Book Synopsis Excerpt: Can Abenomics Succeed? by : Mr.Dennis P Botman

Download or read book Excerpt: Can Abenomics Succeed? written by Mr.Dennis P Botman. This book was released on 2015-02-13. Available in PDF, EPUB and Kindle. Book excerpt: Since the bursting of the bubble, Japan has been unable to sustain economic recoveries. Monetary policy was unable to beat deflation, structural reforms failed to lift potential growth, and fiscal measures were insufficient to reverse the path of ever rising public sector debt. Japan’s revitalization plan dubbed the “three arrows of Abenomics” devises a three-pronged strategy—combining fiscal, monetary, and structural policies—to overcome these problems. Amid a more challenging external environment and an aging population, Japan may well face its last opportunity to avoid a highly disruptive fiscal crisis and restore sustainability in a smooth manner instead. The book discusses mutually reinforcing reforms on several fronts, including aggressive monetary easing, growth-friendly fiscal consolidation, and structural and financial sector reforms to revive animal spirits and stimulate potential growth.