- While Japan no longer suffers from deflation, thanks to quantitative easing, no one would call Abe's average core inflation rate of 0.68% a roaring success.
- One of Abe's most meaningful moves was to overhaul the gargantuan but staid Government Pension Investment Fund (GPIF).
- Unfortunately for Suga, most of the heavy lifting of Abenomics with large macro implications has already taken place.
- So Suga's present challenge is to continue what's left of Abenomics with his own twist - and to hopefully create quick, small victories while doing it.
For further details see:
Japan After Abe: Continuity And Change