Japan's structural reforms that could underpin ‘Abenomics’

Japanese stem cell researcher Shinya Yamanaka won the 2012 Nobel Prize (photo: dpa)
Japanese stem cell researcher Shinya Yamanaka won the 2012 Nobel Prize (photo: dpa)

The revival of Japan’s economic fortunes by Prime Minister Shinzo Abe has been welcomed by large swathes of the country. But observers say if the boost to the economy is to last, it must be accompanied by structural reforms, which in a deeply conservative country have always proved difficult. This is the second part in a series on ‘Abenomics’ and looks at proposals for reform and the obstacles to their implementation.

THE impact on Japan of the new economic policies advocated by Prime Minister Shinzo Abe since his election in December 2012 has been considerable.

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Confidence in the economy has returned, the stock market has soared ...

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