Economist Podcasts Ill be going: Abe Shinzo’s legacy
Aug 31, 2020
Ryan Avend, an author for The Economist, dives into the mixed legacy of Japan's longest-serving prime minister, Shinzo Abe. They discuss the impacts of Abenomics and the hurdles future leaders will face, including a shrinking population. The conversation moves to the recent central banking symposium in Jackson Hole, highlighting concerns over inflation and long-term economic strategies. Avend also humorously reflects on the appeal of enjoying in-flight meals at home, blending nostalgia with modern culinary trends.
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Abe's Resignation
- When Abe Shinzo resigned, even his closest advisors were shocked.
- One advisor looked like "someone had died," according to Noah Snyder.
Abenomics
- Abe Shinzo aimed to revive Japan's economy and global standing.
- His "Abenomics" included monetary easing, fiscal stimulus, and structural reform.
Abenomics's Mixed Bag
- Abenomics had mixed results; it helped escape deflation but didn't hit the 2% inflation target.
- Structural reforms, like female empowerment and digitalization, were less successful.