What Has Abenomics Achieved?

The video discusses Abenomics, a set of economic policies introduced by Japan's government to stimulate growth. It highlights the three arrows: monetary easing, fiscal stimulus, and structural reforms. While the policies helped reduce deflation and unemployment, they also led to high national debt and mixed inflation results. The video also addresses the challenges of implementing structural reforms and the impact of a consumption tax increase, which contributed to a severe recession. The next Prime Minister faces the task of revitalizing Japan's economy.

In what ways did government spending impact Japan's unemployment rate?

Evaluate responses using AI:

OFF

What challenges does Japan face regarding its debt-to-GDP ratio?

Evaluate responses using AI:

OFF