Global Economics Monthly: Abe's Aim Must Remain True

  • Volume II | Issue 7 | July 2013
    Jul 23, 2013

    As widely predicted, Japanese voters gave Prime Minister Shinzo Abe a resounding vote of confidence in this month’s Upper House election, nearly seven months after he energetically rode back into office. How Abe chooses to spend this new political bounty is a matter of great consequence not only to Japan but to the world. In post-election comments, the prime minister suggested that he would push ahead with his ambitious economic strategy known as “Abenomics” rather than pursuing his dream of constitutional revision, at least for now. This is encouraging, because the fastest path to Japan’s becoming a “normal nation” runs through renewed economic strength. Now comes the hard part...