Japan's economy has certainly been revitalized since the Abe administration started taking aggressive measures seven years ago, mainly in monetary policy.
As a symbolic gauge of economic performance, share prices as measured by the Nikkei 225 average on the Tokyo Stock Exchange have risen by more than 2.5 times over the past seven years. In the labor market, the ratio of job openings to job seekers increased from the low point of 0.5 to 1.6, while the jobless rate has dropped to below 2.5 percent, creating nearly full employment.
On the other hand, the reputation of the so-called growth strategy — as a core policy of Abenomics — has not necessarily been good. Deregulation remains slow, and there is criticism that the nation lacks the manpower to take charge of the Fourth Industrial Revolution.