(单词翻译:单击)
Criticism of so called ’Abenomics‘ has continued since its introduction last November. That's when Prime Minister Shinzo Abe promised bold fiscal1 and monetary2 expansionary policies, to revive the world’s third-largest economy.
It is hoped that the introduction of a comprehensive programme entailing3 fiscal, monetary and structural4 policies - known as the "three arrows" - could jumpstart the economy. However, investment growth is still lagging behind, while small and medium-sized companies find it hard to recover. Imports, especially energy and agricultural products, are also getting more expensive.
Meanwhile, the government’s current interest-servicing burden stands at a massive 21 percent of its revenue, any rise in interest rates could therefore undermine the BOJ’s policies and further strain government finances.