Editor's Note: This is a continuation of the analysis of Japan's economy and the analysis of the Three M's: Myths, Memes and Misunderstandings.
Can we be honest here?
The fact is, Japan's Abenomics is really just another name for Kruganomics.
And it's an abject failure, carried on the backs of the citizenry.
We've talked about this in excruciating detail before -- that of Abe's so-called "Three Arrows", the only arrow that was needed was the structural reform arrow -- The other arrows such as the devaluation of the yen would have come naturally as Japan's current account was depleted due to the abject failure of TEPCO to the run their nuclear power plants safely and prudently, results in the massive importation of oil and natural gas.
The fact is, Japan's Abenomics is really just another name for Kruganomics.
And it's an abject failure, carried on the backs of the citizenry.
We've talked about this in excruciating detail before -- that of Abe's so-called "Three Arrows", the only arrow that was needed was the structural reform arrow -- The other arrows such as the devaluation of the yen would have come naturally as Japan's current account was depleted due to the abject failure of TEPCO to the run their nuclear power plants safely and prudently, results in the massive importation of oil and natural gas.
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