japan: The premier hoped his economic model would increase growth, according to Deutsche Welle. But experts say that most of the Abenomics targets have been missed. Abenomics has three main pillars aggressive monetary stimulus, fiscal expansion and structural reforms. The main economic goal that Abe had set for his administration when he became prime minister in December 2012 was to hit the 2-percent inflation mark. DW recommends Bank of Japan scraps inflation target Japan central bank has had to admit that its goal of pulling the nation out of its deflationary spiral is not achievable during the term of the lender current governor. An array of monetary policies, including printing more money and lowering the interest rate, were introduced to achieve this ambitious target.
(news.financializer.com). As
reported in the news.
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