Selected editorial excerpts from the
ABE'S ARROW MUST HIT RIGHT TARGET (
The "third arrow" of Japanese Prime Minister
Abe's deflation-fighting strategy, dubbed Abenomics, is a three-pronged approach to create lasting growth through monetary, fiscal and structural policies. The first two stages involved massive monetary easing and generous public works spending, pushing the economy from two decades of downturn to growth that the
Uppermost among domestic concerns is the rapidly ageing -- and shrinking -- population. Abe's proposals to prod more women into the workforce through tax breaks and encourage couples to have more children are necessary for growth, but success cannot be guaranteed. Nor has enough importance been attached to plans to establish special economic zones. There has also been a noticeable reluctance to discuss foreign migrants, a solution turned to by other fast-ageing economies.
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