By now, we have all heard of Abenomics, Prime Minister Shinzo Abe’s 2012 plan that called for the firing of “three arrows” — an aggressive monetary policy, fiscal consolidation and a growth strategy — to rescue Japan’s economy from a prolonged deflationary spiral.
Almost from the get-go, Abe’s more vociferous critics referred to it in news outlets as “Ahonomics.” (“Aho,” to the uninitiated, means “fool.”)
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