Administration Officials: Boom Cycle

administration officials: And indeed they may be, according to The Japan Times. But the generally modest growth over this period also reflects what has not been achieved under Abenomics. Since the boom cycle corresponds to the second administration of Prime Minister Shinzo Abe, who returned to the government's helm in December 2012, administration officials are touting the benefits of the extended boom, such as an improved job market and corporate earnings, as the fruits of the prime minister's trademark Abenomics policy. The nation's workforce has increased by 3.75 million during this boom cycle close to the number of jobs created during the asset-inflated bubble boom from the late 1980s to the early 1990s. Listed companies have been posting record profits for several years, and the Nikkei average on the Tokyo Stock Exchange has more than doubled. With brisk demand backed by strong corporate profits, combined with the intensifying manpower shortage in the rapidly graying population, the labor market is now the tightest it has been since the mid-1970s there is an average of more than 1.6 job openings for each job seeker. (news.financializer.com). As reported in the news.