In the year 2012, Shinzo Abe became prime minister of Japan, promising

In the year 2012, Shinzo Abe became prime minister of Japan, promising bold policies to improve Japan’s economy. What was the focus of his policies and how did they affect Japan’s trade position?

What will be an ideal response?

ANSWER

What has been called “Abenomics” involved monetary policies designed to reduce the value of the Japanese Yen relative to other currencies. This resulted in increased exports and reduced imports, strengthening the Japanese economy.