Don't believe the haters: Abenomics is working

Though the hard work has only just begun

Abenomics
(Image credit: (John Moore/Getty Images))

It has been one year since Prime Minister Shinzo Abe entered office and launched Abenomics — a three-pronged plan of monetary stimulus, fiscal stimulus, and structural reform — to lift Japan's economy out of two decades of deflation and economic depression.

Many economic commentators were initially skeptical of Abenomics. Hedge fund manager Kyle Bass, for example, thought that the program would lead to soaring interest rates and spiking inflation. This has not happened. In fact, all signs point to the fact that Abenomics is beginning to work.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us

John Aziz is the economics and business correspondent at TheWeek.com. He is also an associate editor at Pieria.co.uk. Previously his work has appeared on Business Insider, Zero Hedge, and Noahpinion.