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Japanese economy - How Japan's new PM is promising a 'new capitalism'

1st November 2021

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This BBC article looks at how the election of a new Prime Minister, Fumio Kishida might impact the Japanese economy.

It notes that his commitment to a 'new capitalism' based on greater equality has had an adverse effect on share prices among other things.

The truth is that he's inheriting a difficult job: having been the poster boy economy for the 1970s and 1980s, the Japanese economy has stagnated over that last three decades and even seemingly bold initiatives like Abenomics have done little to change that, and there's also rising levels of discontent too.

How Japan's new PM is promising a 'new capitalism' https://t.co/RtMdSumKMk
— BBC Business (@BBCBusiness) November 1, 2021

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Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to tutor2u, reads voraciously and is interested in all aspects of Teaching and Learning.