ECONOMICS
ECONOMIC GROWTH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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To weak to do anything
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It worked
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The economy began to decline
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The economy got stronger
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Detailed explanation-1: -Viewed from the discipline of economics, Abenomics can be said to have been effective in generating inflationary expectations in the market and in reducing the real interest rate. Economic policies, however, are meaningless if they do not change the real economy.
Detailed explanation-2: -Effects. Abenomics had immediate effects on various financial markets in Japan. By February 2013, the Abenomics policy led to a dramatic weakening of the Japanese yen and a 22% rise in the TOPIX stock market index.
Detailed explanation-3: -Did Abenomics work? As an exercise in political branding, Abenomics was certainly a success, though it fell short of Mr Abe’s own key economic target.
Detailed explanation-4: -The economic policies put in place for Japan by Abe when he came to power for the second time in 2012, became popularly known as Abenomics. His economic policies involved increasing the country’s supply of money, making Japan more competitive through widespread reforms, and increasing government spending.