Japanese people are losing faith in Prime Minister Shinzo Abe’s fiscal policies. FRANCK ROBICHON/AAP

Business Briefing: Abenomics fails to address Japan’s true woes

Business Briefing: Abenomics fails to address Japan’s true woes
The Japanese government needs to improve job security and address income inequality as "Abenomics" fails to deliver.
After a promising start to an ambitious economic turn-around program, Prime Minister Shinzo Abe will have more difficulty with tax changes scheduled to come in over the next few years. EPA/Harish Tyagi

Japanese tax hikes loom large for Abenomics

Another record trade deficit for Japan is raising doubts about Prime Minister Shinzo Abe’s “Abenomics” strategy for economic revival. The new figures follow poor manufacturing sentiment numbers earlier…
Shinzo Abe’s decision to increase Japan’s consumption tax from 5% to 8% next year is part of a plan to reassure investors the country’s debt is under control. EPA/Franck Robichon

Japan’s Abe unveils much needed tax rises, stimulus measures

Japan’s Prime Minister Shinzo Abe announced Tuesday a significant increase in the country’s consumption tax and unveiled a ¥5 trillion ($54.5 billion) stimulus package to mitigate the higher levy’s negative…
Shinzo Abe is determined to resuscitate Japan’s flagging economy by targeting a 2% rate of inflation and promoting private investment. But will it work? AAP

‘Abenomics’: a fix for Japan’s ailing economy and a boost for Australia

The Japanese economy has been stuck in a liquidity trap for almost a decade. Japan’s newly elected Prime Minister Shinzo Abe, who is now in his second stint in office, wants to take radical steps to retrieve…

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