Part 7/9:
In 2012, Prime Minister Shinzo Abe introduced "Abenomics," a combination of aggressive monetary policy (including increased quantitative easing), fiscal stimulus, and structural reforms intended to revive Japan's ailing economy. Despite these measures, the government's debt soared even higher, reaching 240% of GDP, marking Japan as the most indebted nation globally.
While some aspects of Abenomics managed to induce mild inflation, the fundamental problems persisted. The businesses that benefited from tax cuts and increased liquidity opted to hoard rather than invest these funds, exacerbating stagnation.