Economics
Abenomics Is Losing Support With Economists and Voters Alike
- Revival plan receives low marks in Bloomberg economist survey
- "The end of regulatory reforms will be the end of Abenomics"
Shinzo Abe, Japan's prime minister.
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
Abenomics hasn’t had much impact reviving the fits-and-starts Japanese economy. That’s the verdict of nearly two dozen economists canvassed in a new Bloomberg News survey.
Prime Minister Shinzo Abe’s signature domestic policy received an average score of 4.6 points out of 10 for overall economic effectiveness in a survey of 23 economists by Bloomberg from Feb. 26 to March 4. The survey sounded out economists about the efficacy of Abe’s three-pronged program -- aggressive monetary policy, fiscal stimulus and a regulatory overhaul -- on Japanese growth, deflation and structural reforms on a scale of 1 (worst) to 10 (best).