Economy expected to recover slowly in 2013 due to 'Abenomics'

Politics Jan. 10, 2013 - 06:57AM JST ( 6 )

The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.

Order by Time Order by Popularity

6 Comments

1

Hide SuzukiJan. 10, 2013 - 08:15AM JST

I'm not a big fan of typical LDP policies, building unnecessary dams, highways, unnecessary road and building construction just so they can artificially create jobs while increasing taxes.

We will have to switch into more consumer driven economy eventually but there are many people who are desperate for any kind of work so let's see how it works
0

ZenpunJan. 10, 2013 - 02:13PM JST

Infrastructure projects take a long time to get commercial return. It will boost growth and jobs. However it is unsustainable. According China experience, banks are still writing off the bad loans of non performing projects.

Consumer confidence is a key to the economic recovery.However confdence wil not come back without jobs. Creating jobs cause more debt however it will get more growth. More debt means higher inflation.
1

edojinJan. 10, 2013 - 06:10PM JST

The way the yen has been moving recently gives me a feeling that another bubble economy might be developing. Just hope Abe knows what he's doing because Japan surely doesn't need another bubble economy ... much like the one that went kaput and caused Japan to go into the doldrums it is now in ...
0

herefornowJan. 10, 2013 - 08:52PM JST

Japan’s nominal GDP is estimated to have fallen to around 470 trillion yen in 2012 from a 1997 peak of 523 trillion yen.

Fifteen years of decline, almost all under LDP leadership, but now, magically, Abe is going to turn it around. Without addressing any of the structural issues. Sure. And if pigs had wings they could fly.
0

SerranoJan. 10, 2013 - 10:30PM JST

"Abenomics"

Somehow this doesn't sound good.
0

globalwatcherJan. 12, 2013 - 05:00AM JST

Without foundamental stractual change in economy and society to consumer driven economy, it will not work. The pig is too fat to fly.