Abenomics: A crisis postponed is a crisis (eventually) resolved
In the past several issues, I devoted quite a bit of attention to China, with its slowing economy and real estate bubble in the making. But this month I want to look at Japan.
Since Japan’s new government and Prime Minister Shinzo Abe assumed power at the beginning of the year and the start of Abenomics, there have been significant changes in the country. How are new economic policies progressing, and what implications may they have for Japan’s economy in general, and its real estate markets in particular?
A lot has been written about new government policies by analysts and pundits, and you most likely know what Abenomics — massive fiscal stimulus, infrastructure investment and yen depreciation — is all about. At the end of the third quarter of the year, I thought it would be interesting to look at some of the accomplishments of Prime Minster Shinzo Abe in Japan and how his boldest experiment to end his country’s longstanding s