The third pillar of ¡°Abenomics¡± approved Friday by the Cabinet may have lacked the impact of its two predecessors, but some experts said Prime Minister Shinzo Abe¡¯s attempt to revive the moribund economy will hinge on steady execution of all ¡°three arrows.¡±
¡°The economic and fiscal policies adopted by the Cabinet weren¡¯t anything like a different dimension,¡± as Abe prefers to describe his plans for ending deflation and restoring growth, Keisuke Naito, a senior economist at Mizuho Research Institute, told The Japan Times in an interview.
While lauding the government for laying out its intentions from the get-go, Naito said it remains to be seen how bold Abe can be in implementing his package of monetary, fiscal and growth policies.
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