Sanaenomics, as some have dubbed Prime Minister Sanae Takaichi¡¯s economic plans, can be a bit of a mouthful. Even harder than saying it has been grasping what it means.
The Takaichi Trade has fascinated markets, but ask someone to explain what she wants to do and you¡¯ll often meet with confusion. Many mistake Sanaenomics for another round of pork-barrel spending, a return to the loose-money era of central bank bazookas.
Abenomics 2.0 it¡¯s not. But her strategy lacks not only the folk-tale simplicity of Shinzo Abe¡¯s three arrows, but a decent sales pitch. Her catchphrase of ¡°responsible proactive fiscal policy¡± isn¡¯t exactly catchy. I¡¯ve struggled to explain her plans to those overseas.
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