three-pronged assault: The government's success at monetary easing, fiscal loosening and deregulation would, by now, be removing bureaucratic headwinds, encouraging a startup wave and prodding executives to fatten paychecks. ; In September 2013, Abe captivated the investment world's imagination with his talk of big bangs and shock therapy at the New York Stock Exchange, according to The Japan Times. Buy my Abenomics! he urged traders, and they sure did. If the prime minister's three-pronged assault on deflation were working, Japan wouldn't need the 2 trillion package his Liberal Democratic Party is cobbling together. That year alone, the Nikkei 225 average surged 57 percent. His pledge to single-mindedly take action to reform Japan's economic structure from the foundation up stuck New Yorkers as odd. When Abe returned to the world's most famous trading floor recently, his message fell flat.
(news.financializer.com). As
reported in the news.
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