OPINION

The lasting legacy of Abenomics

Oped, Koichi Hamada, Published on 31/05/2024

» After the 1985 Plaza Accord pushed the yen's exchange rate sharply upwards, Japan's economy suffered a severe slowdown that proved mightily difficult to reverse. In fact, the only prime minister to oversee a period of consistent growth and high employment in the past three decades was Shinzo Abe, during his second term, which began in 2012.