, Columnist
Japan Goes With Another Round of Abenomics
And why not? The economy hasn't been this good since the 1980s.
No need to stop what's working.
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
Japan’s long-ruling Liberal Democratic Party has figured out a novel and interesting way to stay in power -- govern pragmatically, focus on the economy and give people what they want.
Prime Minister Shinzo Abe and his party have been returned to power in decisive fashion in an early election. It’s not difficult to see why -- the Japanese economy is doing better than it has in at least a decade. The Pew Research Center finds that since Abe took office in 2013, optimism about the economy has exceeded the peak it attained in the mid-2000s under Abe’s mentor, Junichiro Koizumi.