[Levin]

January 18, 2022
10:03 PM GMT+8
Last Updated 10 hours ago


TOKYO, Jan 18 (Reuters) - Japanese Prime Minister Fumio Kishida said on Tuesday that steps taken under former premier Shinzo Abe's "Abenomics" policy of massive monetary and fiscal stimulus were not enough to create a sustainable and inclusive economy.

Under his "new capitalism" policy, Kishida aims to help create a virtuous cycle of economic growth and wealth distribution

......

Abenomics was deployed in 2013 to pull Japan out of economic stagnation, but it failed to close income gaps that widened as the ranks of workers in less-secure, low-paid jobs grew.

"Rather than leaving everything to market and competition, I will put emphasis on the government and private sector working together for socioeconomic transformation," said Kishida, who took office last October.


https://www.reuters.com/markets/commodit...022-01-18/

[RiseofAsia]

Actually, Japan economy is going to reset already but this silly Abe cannot take hardship for a bit more time and went to print $$$, all the efforts wasted.

[hero]

Japan got play out by amtk, pump and dump their economy. till now still haven recover