Michael Bosack, in his opinion piece “For Japan, Upper House results signal stability” in the July 23 edition, doesn’t even scratch the surface of Japanese politics. In reality, Shinzo Abe capitalized on the pervasive sense of instability he helped create in this nation.
Abenomics has failed to achieve an economy that grows with healthy inflation. Instead, it created huge windfall incomes for the wealthy who invested in stocks at the expense of the nation’s financial health, which must be remedied by future generations through austerity and heavy taxes, thus stoking the sense of instability.
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