Japan’s economy needs bolder policies

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Japanese prime minister Shinzo Abe

Japanese prime minister Shinzo Abe

Shinzo Abe, Japan’s longest-serving prime minister, announced today (August 28) that he intended to resign soon, saying this was due to health problems.

He will continue to serve as prime minister until the ruling Liberal Democratic Party (LDP) chooses a new leader, which may happen in September. While his tenure has brought political stability, the prime minister’s economic policies, ‘Abenomics’, have delivered mixed results.

Abenomics has brought about long-awaited higher asset prices and a

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