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Abe’s plan will boost Japan’s economy in the short term,but the long-term efforts are uncertain Japanese Prime Minister Shinzo Abe has adopted a new method of treatment for the country’s economic recession—known as Abenomics—since regaining the position in 2012.Japan’s economy has indeed shown some progress,and the country’s economic growth is expected to reach 2.6 to 2.8percent in 2013.It’s a positive achievement that comes at a time when developed economies struggle to address the aftermath of the global financial crisis.
Abe’s plan will boost Japan’s economy in the short term, but the long-term efforts are uncertain Japanese Prime Minister Shinzo Abe has adopted a new method of treatment for the country’s economic recession-known as Abenomics-since regaining the position in 2012. Japan’s economy has indeed shown some progress, and the country’s economic growth is expected to reach 2.6 to 2.8percent in 2013.It’s a positive achievement that comes at a time when developed economies struggle to address the aftermath of the global financial crisis.