In Tokyo, newly-installed Prime Minister Shinzo Abe has unveiled a massive, multi-billion dollar stimulus package, ostensibly to get the static Japanese economy moving. The announcement came after the Prime Minister, in an obvious PR blitz, formed an “economic revitalization council” composed not only of Cabinet members but experts from the academe and the private sector, and called for greater monetary intervention to devalue the Yen.
If these are all designed to shed the Prime Minister’s image as a security hawk out of touch with important domestic concerns– an image that helped ruin his first administration from 2006 to 2007– to a premier who prioritizes the economy, then they’re probably working. Many in Tokyo are now saying that the new administration is a lot better than the one it replaced, simply because it is seen to be doing something. The media has even come up with a nickname for the Prime Minister’s economic policy: Abenomics.







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