To get Japan out of its gloomy economic situation that now has lasted for the past 20 years, the country Prime minister devised a new strategy which consists of three pillars: monetary, fiscal and structural reforms. The monetary and fiscal actions of the “Abenomics” received a lot of attention from the international media. On the other hand, the structural reforms went completely unnoticed, although these may be the real factors needed to save Japan’s economy, as ignoring them helped the country’s economic fall from grace.
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