Abe's arrows are looking a little blunted
A Bloomberg survey on Abenomics has found economists less than impressed.
Four questions were asked about the effectiveness of Abenomics;
- Getting the Japanese economy getting on a sustainable growth path
- Ending the deflation mindset
- Tackling structural reforms
- An overall rating
On a scale of 1-10 (worse-best) he received an average of 4.1 for the economy, 5.1 for deflation, 4.0 for reforms and 4.6 for overall performance.
23 economists we're surveyed by Bloomies
A similar poll run by the Nikkei and TV Tokyo at the end of Feb, found 50% saying they have lost faith in Abenomics vs 31% that are still behind it.
With rumblings of a possible elections in both Diet houses this year, Abenomics is under further pressure. To be honest I don't know the machinations of Japanese politics but if we do get increased calls for elections, that's going to bring us some added price risk which is likely to be volatile.
