shinzo abe: The current expansionary phase started in December 2012, when Shinzo Abe became prime minister for the second time, according to The Japan Times. The fourth-longest period of growth was recorded during the asset-inflated bubble economy, lasting 51 months to February 1992. The panel, headed by Rissho University Professor Hiroshi Yoshikawa, judged that the economy did not slip into recession after the consumption tax rose to 8 percent from 5 percent in April 2014. The panel monitors the peaks and troughs of past economic cycles. But the panel did not assess the period after the latest consumption hike. At its previous meeting in July 2015, the panel determined that the economy hit a trough in November 2012.
(news.financializer.com). As
reported in the news.
Tagged under shinzo abe, consumption hike topics.