Slammed by the coronavirus outbreak, Japan’s economy is facing its biggest challenge in over a decade, with analysts warning of a technical recession and worse if the Summer Games are canceled.
The pandemic has also hurt the credibility of Abenomics, the “three arrows” program of monetary easing, fiscal spending and structural reforms touted by Prime Minister Shinzo Abe after he took office again in 2012. His government credits the program with expanding the economy and stock market.
Unable to view this article?
This could be due to a conflict with your ad-blocking or security software.
Please add japantimes.co.jp and piano.io to your list of allowed sites.
If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.
We humbly apologize for the inconvenience.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.