The old Japan is dying. Is a new Japan being born?
The yen is low, the stock market is high. Prices are up, gross domestic product rising. "Abenomics" seems to be working. Why then, asks Spa! magazine, are so few feeling it?
The monetarist policies at the heart of Abenomics have produced results that seem to justify Prime Minister Shinzo Abe's proudest boast: "Japan is back." Investors and major corporations, exporters in particular, are similarly triumphant. After 20 years of economic stagnation, they are prospering again.