Abenomics: “a game of bluff doomed to fail”
Commentators tell a research summit that Shinzo Abe’s revival package is too small to make a difference to the country’s unsustainable debt problem. Worse, it could spark market panic.
Abenomics is failing, avoids the real issues and is a game of bluff that could spark a market panic, commentators agreed at conference in Hong Kong yesterday.
At Asia’s Independent Research Summit, a trio of senior economists and strategists were distinctly downbeat on Japanese prime minister Shinzo Abe’s three-arrows policy of aggressive monetary easing, fiscal stimulus and support measures to boost economic growth, or “Abenomics”.
They were speaking on a panel entitled 'A new …
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