Prime Minister Shinzo Abe dissolved the Lower House on Nov. 21 and set the general election for Dec. 14. He characterized the snap election as an election to seek people’s fresh “mandate for Abenomics” — his set of policies designed for national economic recovery.
Abenomics has achieved some results in the financial, stock market and monetary fields. But its real effects on the real economy such as workers’ wages and equipment investment are still unknown. In this sense, Abenomics is headed for a crucial stage involving the question of how much it can carry out the nation’s pressing structural reforms.