What was the name of the economic approach initiated by Shinzo Abe?
Abeconomics
Shinomics
Abenomics
Abe Plan
Answer
Abenomics, initiated by former Japanese Prime Minister Shinzo Abe, aimed to revive the nation's economy from years of deflation and slow growth. It consisted of a combination of monetary easing, fiscal stimulus, and structural reforms. The primary goals of Abenomics were to increase the money supply, boost domestic demand, and encourage private investment.
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