Want to Understand Japanese Economy? Think Reaganomics


Japan needed a shakeup after 20-plus years in the doldrums, just like the U.S. did after the 1970s. Japan’s Prime Minister Shinzo Abe is in many ways analogous to President Ronald Reagan. Abe’s reforms, like Reagan’s, are best described as neoliberal. Where Reagan cut taxes and fought unions, Abe has focused on deregulation. Like Reagan, Abe is a free trader who has worked to increase immigration. This article is a Bloomberg View on the various similarities in economic approach between current Japanese administration and the Reagan administration.


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