Abenomics: Japan’s economic policies under Prime Minister Shinzo Abe

Tokyo (dpa) – In December 2012, Shinzo Abe’s Liberal Democratic Party won an overwhelming victory in parliamentary elections in large part because he pledged to revive the Japanese economy. Abe advocated stimulus initiatives and called for “unlimited” measures by the Bank of Japan to prop up the world’s third-largest economy. Japan was at the time sinking…