Japanese tax hikes loom large for Abenomics

As the growth in Japanese exports enabled by Abenomics falls behind surging import costs, Shinzo Abe needs to look at labour market reform and more drastic tax surgery.

Another record trade deficit for Japan is raising doubts about Prime Minister Shinzo Abe’s “Abenomics” strategy for economic revival. The new figures follow poor manufacturing sentiment numbers earlier this month.

Abe had promised it would be a good year for the Japanese economy. His government made some progress last year in turning around the slow decline of the economy, and he told Davos that this was the year Japan would break free from chronic deflation.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles