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Abenomics: According to the article “Three-piece dream suit,” what are the main elements of Mr. Shinzo...

Abenomics: According to the article “Three-piece dream suit,” what are the main elements of Mr. Shinzo Abe’s proposed economic reforms in Japan?
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Answer #1

The main elements of Shinzo Abe' s economic reforms was based on three arrows mainly - economic growth through fiscal and monetary easing policy changes and structural reformation.

The fiscal and monetary policies include encouragement of private and public investment . Setting inflation target at 2% annual rate, correction of yen appreciation ,buying operations of contructions bonds by Bank of Japan and revision of Bank of Japan Act. Fiscal spending was expected to increase raising deficit. And Bank of Japan would initiate quantitative easing policy .

And structural reforms is tried to be achieved through Trans Pacific partnership.

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