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Japan's Prime Minister Shinzo Abe listens during a media conference following the Caribbean Community (Caricom)/Japan summit, in Port-of-Spain on July 28, 2014.
Japan's Prime Minister Shinzo Abe listens during a media conference following the Caribbean Community (Caricom)/Japan summit, in Port-of-Spain on July 28, 2014.
(ANDREA DE SILVA/REUTERS)

Is Abenomics ‘coming unstuck’?

This past spring may well be remembered as the “high water mark” of Abenomics.

There’s no question the aggressive economic program – huge stimulus and monetary policy measures, with an inflation target – launched by Japanese Prime Minister Shinzo Abe made its mark.

Japan’s economy surged by 6.7 per cent in the first quarter of the year, and the latest reading on inflation showed there is indeed inflation, of 3.4 per cent, notable in that it’s not deflation.