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Shinzo Abe suddenly resigned. Citizens pay for the rest (August 28, 2020) Franck Robichon / REUTERS
Prime Minister Abe announced his resignation.
As the administration changes for 7 years and 8 months, there is a possibility that economic policies will change significantly. Here, I would like to discuss the overview of the Abe administration’s economic policies and future prospects.
The Abe administration’s economic policy, called Abenomics, became the administration’s biggest draw. It has had some success since it became a point of sale. So what was it successful at?
That’s what people think he accomplished in his own way. In other words, they managed to make them think they were successful.
In fact, there are no evaluation criteria for the success of policies. There is no point of reference. The only number is the approval rate, but the approval rate cannot be evaluated by the approval rate because the influence of noise is too great from the point of view of policy evaluation, such as the effect of scandal. After all, impressionism is just reputation. As for Abenomics, it is well established that the economy has improved, at least in the short term. This is all.
Naming is everything
So why do people think it has been successful?
First, Abenomics’ naming and marketing victory. The word Abenomics has not only been selected as a fashion grand prize in Japan, but has spread all over the world. Whatever the content, whoever got famous wins.
Second, it raised the stock price. Abenomics has become famous. The share price went up. With this success is confirmed. Above all, the reputation of the world is not sure of the internal economic situation. Japan has a low unemployment rate and is peaceful. The most visible number is the share price. The world has realized that Abenomics has been successful.
It’s about Abenomics.
It made people think it was a success. That is why it is successful.
The media focused on rising share prices and prioritized rising share prices anyway. And he also succeeded.
Abe, Mr. Abe said at a press conference that resigning, politics is about getting results. At the very least, it paid off in terms of stock prices and made people think they had been successful, at least in the short term.
In other words, the Democratic government, the other PLDs, and almost every government in the world, not just Japan, is now populism. For populism anyway, it is better to be popular, be popular, get the approval rating, win the election and get the result. The Democratic government before that ended in that sense with the worst result. Although it was populism, it became the least popular and lost power. In that sense, it can be said that the Koizumi administration and the second Abe administration were excellent. On the contrary, it follows the success of Abenomics.
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