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Blog Entry# 5484368
Posted: Sep 22 2022 (21:45)

16 Responses
Last Response: Sep 22 2022 (21:58)
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Sep 22 2022 (21:45)  
TouristerDivyanshu^~
TouristerDivyanshu^~   173604 blog posts
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Entry# 5484368              
68th birth anniversary of the longest-serving prime minister of Japan: Shinzo Abe. His revolutionary economic policies, ' Abenomics', are said to have transformed Japan.
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Sep 22 2022 (21:48)
TouristerDivyanshu^~
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Re# 5484368-12              
However, 8 years of Abe's efforts were only partially successful.

Abe's policies initially helped drive growth & prevent Japan from the downturn. But, Japan was still lagging compared to its peers.
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Sep 22 2022 (21:49)
TouristerDivyanshu^~
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Re# 5484368-13              
The target of achieving 600 trillion(Yen) nominal GDP was unrealized, average real GDP growth during Abe's eight-year period was just 0.9%, Japan's corporate governance & trade barriers are still complex, and the 'third arrow' wasn't executed well due to government pressure.
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Sep 22 2022 (21:53)
TouristerDivyanshu^~
TouristerDivyanshu^~   173604 blog posts
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Re# 5484368-14              
And most importantly, they couldn’t introduce a sustainable solution to Japan's rapidly ageing population.
Image source - Wikipedia
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Sep 22 2022 (21:58)
TouristerDivyanshu^~
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Re# 5484368-15              
Abe played a transformative role in strengthening the India-Japan relationship by putting efforts into deals like "India Japan Strategic and Global Partnership."
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Sep 22 2022 (21:58)
TouristerDivyanshu^~
TouristerDivyanshu^~   173604 blog posts
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Re# 5484368-16              
Shinzo Abe became one of Japan's most impactful prime ministers since World War 2, who helped Japan during tough economic times and will be remembered for his rich legacy.
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