In December 2012 Prime Minister Shinzo Abe won his second Japanese election and almost immediately announced plans for a new set of policies that would jolt the ‘stagnating economy out of its deflationary malaise’. This new approach was quickly dubbed Abenomics and it combined fiscal expansion, monetary easing and structural reform. So far the success of these polices is unclear and it has to be said that Japan fell back into recession in the second quarter of 2014. So does he have a new plan?
Japanese women are among the most educated women in the world, but only two thirds of Japanese women have a job. The economy needs more women working so there’s a new policy in the world of Abenomics; this one is called Womenomics but can it work?