The weakest yen in decades, a mountain of national debt and a giant central bank bond portfolio that’s around half the size of the Japanese government securities market.
The legacy of Abenomics will continue long beyond the life of its architect, former Prime Minister Shinzo Abe, who died after a shooting on Friday.
On the plus side, companies logged record profits, shareholder returns climbed and wages went up. More women and seniors entered the labor market, and at one point, the ratio of available jobs to applicants reached a four-decade high. Japan’s 2.6% unemployment rate is a figure most advanced economies can only dream of.
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