Professor: "Abenomics" makes the Japanese government owes more debt
255 views · Published 16 March 2015 · 1:36 · Indexed 21 October 2026
Channel: New China TV · 2015 · News & Politics
In a bid to help boost Japan's economic growth, the Japanese government announced the 2012 stimulus package known as Abenomics. Abenomics is a plan proposed by the country's prime minister Shinzo Abe, aimed at pushing Japan's economy out of deflation, and back towards growth. However, Francis Lui, a professor at Hong Kong University of Science and Technology, says that "Abenomics" has had a negative impact on Japan's economy, leaving the government in more debt, and increasing pressure on inflation.
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