Abenomics

Abenomics is the nickname for the economic policies set out for Japan in 2012 when Prime Minister Shinzo Abe came into power for a second time. The policies involved increasing the nation's money supply, boosting government spending, and enacting reforms to make the Japanese economy more competitive. The program was described as a mix of reflation, government spending, and a growth strategy designed to jolt the economy out of suspended animation that had gripped it for more than two decades.

Abenomics refers to the economic policies of a particular politician, in the same way, that Reaganomics or Clintonomics does. It was promoted as a way to shake Japan's economy out of a period of minimal growth and overall deflation. Japan's economic troubles dated back to the 90s, also known as the Lost Decade. It was a period of marked economic stagnation in Japan, following a massive real estate bubble burst in the 1980s, and Japan's asset price bubble burst in the early 90s.

Abenomics is a set of economic policies championed by Japanese prime minister, Shinzo Abe, when he came into power a second time in 2012. Abenomics was originally described as a three arrow approach of increasing the money supply, undertaking government spending to stimulate the economy, and undertaking economic and regulatory reforms to make Japan more competitive in the global market. Abenomics has grown as prime minister Abe continues to govern Japan, and now encompasses goals for female employment, sustainable growth, and a concept known as Society 5.0 which is aimed at the further digitalization of Japan.