Magazine
Latest Issue

Can Shinzo Abe kickstart the Japanese economy?

2020 was meant to be a year of triumph for Tokyo. The reality has proved very different

By David Warren  

Photo: Yoshio Tsunoda/AFLO/PA Images

With a 117 trillion yen (£877bn) stimulus announced on 27th May, to be funded by the second supplementary budget in two months, Japanese Prime Minister Shinzo Abe hopes to kickstart Japan’s economy back into activity.

In May, the world’s third-largest economy entered recession, shrinking by 3.4 per cent in the first quarter of 2020, after a 6.4 per cent decline in the last quarter of 2019. Then, it was Typhoon Hagibis…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

We want to hear what you think about this article. Submit a letter to letters@prospect-magazine.co.uk

More From Prospect