Abenomics Five Years On

Mission Incomplete! This phrase neatly describes the current conditions of Abenomics. Setting the 3% nominal economic growth target, Abenomics has attempted to overcome deflation and expand financial assets through three arrows. Driven by sharp yen’s depreciation and higher stock prices, global attentions were paid to this experiment in 2013; the public also felt the economy might change fundamentally with some hope. Five years after the experiment, a number of positive developments took place while there are sense of disappointment on the progress related to the growth strategies and growing criticism against the side effects related to massive monetary easing. This session will promote active discussions among panelists regarding pros and cons of Abenomics.