Honest Abe Is Abenomics Working?
Prime Minister Shinzo Abe of Japan has focused his national revival agenda on two main things: defense and the economy. There can be little doubt that he is moving the country away from its pacifist past, with a better organized defense leadership and a stronger military. The impact of “Abenomics,” his economic strategy, is less clear: many analysts and investors have been disappointed; others have celebrated renewed growth or suggested the reforms will make a big impact in the future. Government data released today suggest at least some of Abe’s economic reforms are having a positive effect.