Shinzo Abe won a resounding victory in a snap poll which appears to legitimise his ‘Abenomics’ growth policy. But he was helped by a weak opposition and a record-low turnout, and his ‘third arrow’ - the promised structural reform – was absent from the election debate. Abenomics has so far created a ‘feel-good economy’ which runs on monetary and fiscal steroids. Critics claim it will begin to falter in 2018, marking the start of Japan’s ‘Argentinisation’ – a long and painful economic decline.

JAPANESE Prime Minister Shinzo Abe’s gamble to call a snap election after only two years in office to ensure a stable majority for another f...

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Dr. Stefan Lippert
The opposition parties generally followed Mr Abe’s approach of shying away from hard choices in order not to alienate powerful vested interests such as the agricultural, healthcare and education lobbies or the elderly
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