According to a Bloomberg article from 18 November, the upcoming House of Representatives elections in December would seek a fresh mandate for Abenomics, and more specifically for the structural reform, or the so-called “third arrow” of PM Abe’s economic revitalization strategy. While the government has achieved relative success in reviving the stock market, it still needs to overcome the vested interests from the corporate world, the bureaucracy and the farm lobby. Meanwhile, after a two-day policy meeting of the board, the Bank of Japan upheld its current monetary policies and positive outlook, despite worrying GDP results for the third quarter and indications that Japan’s economy has slipped back in recession.
For more information please refer to the Bloomberg articles here:
Abe Sells Unfinished Policy Plan as He Rejects Failure: Economy
