Prime Minister Shinzo Abe can learn from Britain's experience of economic reform in order to ensure Abenomics takes Japan on a course to long-term growth, four journalists from British media organizations said at a recent symposium in Tokyo.
They mainly agreed that Abenomics is heading in the right direction and growth strategy, the third of Abenomics' so-called three arrows, is the most important one if sustainable growth is to be achieved. The first and second arrows are aggressive quantitative easing and proactive fiscal spending.
Meanwhile, they warned of the potential crash of Japanese government bonds on mushrooming debts exceeding ¥1 quadrillion. They also recommended Japan make more use of immigrants and women to boost the economy.
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