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2013-05-15
Abenomics is meant to resolve macroeconomic problems relating to Japan's high savings rate. It consists of monetary policy, fiscal policy, and economic growth strategies to encourage private investment. The detailed policies includes inflation targeting at a 2% annual rate, correction of the excessive yen appreciation, setting negative interest rates, radical quantitative easing, expansion of public investment, buying operations of construction bonds by Bank of Japan (BOJ), and revision of the Bank of Japan Act.

(Abenomics is the name given to a suite of measures introduced by Japanese prime minister Shinzo Abe after his December 2012 reelection to the post he last held in 2007. His aim was to revive the sluggish economy with "three arrows": a massive fiscal stimulus, more aggressive monetary easing from the Bank of Japan, and structural reforms to boost Japan's competitiveness.)

Nomura-overview-of-Abenomics-by-Nomura.png


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