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scouser

SnowJapan Member
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Posts posted by scouser

  1. I was curious what wiki would say:

     

    Abenomics (a portmanteau of Abe and economics) refers to the economic policies advocated by Shinzō Abe, the current Prime Minister of Japan.

     

    Abenomics 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.

     

    Fiscal spending will increase by 2% of GDP, likely raising the deficit to 11.5% of GDP for 2013.

     

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