Abenomics
Abenomics refers to the economic policies introduced by Shinzo Abe, the former Prime Minister of Japan, starting in 2012. The strategy is built on three main pillars: aggressive monetary easing, flexible fiscal policy, and structural reforms. The goal is to combat deflation, stimulate economic growth, and increase employment.
The first pillar involves the Bank of Japan increasing the money supply to encourage spending and investment. The second focuses on government spending to boost demand, while the third aims to improve productivity and competitiveness through reforms in various sectors. Together, these measures seek to revitalize Japan's economy.