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(Opinion) Abenomics Fails to Produce Long-term Effect

2016-02-22 08:47:12       source:Global Times

By Chen Yang


February 21, 2016


"The Japanese government said on February 15 that Japan's GDP growth for the full year of 2015 was 0.4 percent, which dealt a further blow to Prime Minister Shinzo Abe's stimulus measures.


After the release of economic data, Abe responded to questions of the opposition about the failure of Abenomics at the Lower House Budget Committee and said the Japanese economy still has solid foundation as companies have made more profits than any other year and over 1.1 million new jobs were created."


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