HONG KONG (CNNMoney)
The clock is running out on Japan’s ambitious plan for economic revival as growth sputters and doubts grow over the government’s ability to deliver key reforms.
Abenomics — a massive bond-buying campaign coupled with structural reforms and stimulus from the central government — has failed to lift wages, bring more women into the workforce or boost exports.
Now, critics are questioning the government’s strategy as Prime Minister Shinzo Abe tried to coax the economy back to life after a sales tax hike spurred a massive contraction in the second quarter. Read more
Categories: Economy, United States
