Five years after the launch of Abenomics, the programme of massive monetary easing and fiscal stimulus under Prime Minister Shinzo Abe, Japan's economy is in a "sweet spot", as Societe Generale's Takuji Aida told Bloomberg. GDP expanded at an annualised rate of 1.4% in the third quarter of 2017, the seventh successive quarter of rising GDP. This is the longest period of uninterrupted growth since 2001.
A stronger global economy, along with the weaker yen induced by quantitative easing, has given exports a boost. And companies have become more confident, says The Economist. Private investment has jumped by 15% in five years. Unemployment below 3%, has boosted consumption.
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