Jan 06 2015

Abenomics Tokyo Homeless

Category: Japan News,Japan RelatedIchiban @ 12:57 pm

This video was made back in 2011 but not much has changed.

Abenomics has done very little to stimulate the economy. Higher taxes make it harder for people to pay their bills.

The result? more homeless.

Abenomics refers to the economic policies advocated by Shinzō Abe since the December 2012 general election, which elected Abe to his second term as prime minister of Japan. Abenomics is based upon “three arrows” of fiscal stimulus, monetary easing and structural reforms.[1] The Economist characterized the program as a “mix of reflation, government spending and a growth strategy designed to jolt the economy out of suspended animation that has gripped it for more than two decades.”[2]

The term “Abenomics” is a portmanteau of Abe and economics, and follows previous political neologisms for economic policies linked to specific leaders, such as Reaganomics, Clintonomics and Rogernomics.

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