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Abenomics

A portmanteau of Abe and economics that refers to the economic policies advocated by the Japanese Prime Minister, Shinzō Abe, to revitalize the country's stagnant economy. Abenomics includes a set of policy measures designed to tackle Japan's macroeconomic problems from the country's prolonged recession, addressing issues such as monetary policy, fiscal policy, and private investment to boost domestic consumption while increasing exports.

Specific policies include 2% annual inflation target, correction of the excessive yen appreciation, setting negative interest rates, radical quantitative easing, expansion of public investment, buying operations of construction bonds by Bank of Japan, and revision of the Bank of Japan Act.

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