Daily Adams

Japan

Abenomics or Awanomics?

Japan’s not had one, but two, decades of stagnation, in a low-growth, deflationary economy. Having tried massive spending, Prime Minister Shinzo Abe has a new strategy, the first part of which has brought intentional currency devaluation. Many of his constituents have their doubts: The Economist provides some great background on what the world calls “Abenomics”…