Central business district of Shibuya Ward.
Japan’s economy is undergoing reform, and this has immediate repercussions for the rest of the world. What should little Malaysia do?
Abenomics has taken Japan and the world by storm. Its effects have been impressive.
1) Japan grew by an annualised 4.1% in the first quarter of 2013;
2) The Nikkei rose by over 70% between November 2012 and May 2013, the Nikkei has risen over 70%, but has since fallen from the year’s peak; and
3) The Yen has dropped over 20% against the USD$ and RMB since August 2012.
The three-pronged Abenomics comprises aggressive monetary easing, a more credible fiscal stimulus and a growth strategy based on structural reforms.
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