Has Abenomics achieved its aims four years on?

Better outlook for inflation

Four years since the launch of Abenomics, the Unigestion equities team, which manages the group's £170m Uni-Global Equities Japan fund, analyses its success, recent developments in the country and potential risks that might remain.

In 2013, Japanese Prime Minister Shinzo Abe launched a "three-arrow" strategy to revive the Japanese economy. These reforms (Abenomics) aimed to stimulate the economy by boosting consumption, productivity, innovation and investment directly and through structural reform. Has Abenomics achieved these aims? We see some very encouraging signs, led by the labour market. Unemployment is at a 22-year low and more people are in full-time employment. The government has also enacted reforms to diversify the workforce to address the challenge of an ageing population, and is more permissive i...