Japan: Hope over achievement?Mads Koefoed
Japan’s Prime Minister Shinzo Abe has just been given the thumbs up for his economic policy known as Abenomics; he won a majority in the parliament's upper house. But is it really helping boost Japan’s economy, or are markets getting more excited about activity rather than actual achievement?
Mr Abe has introduced policies aimed at increasing growth, income, spending and inflation. As Saxo Bank’s Mads Koefoed explains, they have had some success, with Japan’s GDP reaching 2% last year, and the yen weakening in value by about 15%.
Even though Mr Abe’s policies have helped the Nikkei rise about 40% this year, markets didn’t react much to the news this time because the outcome was expected. Mads also predicts a ‘quieter autumn’ on the Japanese front, and here he explains why.