Economics

Abenomics Won't Work. And That's OK.

Japan can look forward to years of wealthy stagnation.

It was worth a shot.

Photographer: Thomas Coex/AFP

Japanese Prime Minister Shinzo Abe recently announced plans for yet another round of aggressive economic stimulus. But it's doubtful that this new initiative will make much difference. The problem is that the policy objectives of so-called Abenomics are ill-conceived to begin with -- and given demographic reality, they'll never work.

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