Shinzo Abe: A Striking Economic Sun Rising

 the Prime Minister delivering a speech on economic policy Differentiated from most world leaders, Japanese Prime Minster Shinzo Abe inherited one of the world’s an unenviable vortex of national endeavor there in Japan. In the wake of the most devastating negative nuclear accident in human history, even after the North of the main Island was wiped clean by the Great East Japan Earthquake and ensuing tsunami, and with Japanese corporations challenged like never before, somehow Shinzo Abe entered stage center remaining positive.

The message below from the Prime Minister’s Facebook reflects this positive and honest character of one of the world’s most fascinating leaders. We quote directly, but continue reading afterward, please.

“As of today, exactly half a year has passed since the launch of my administration.

Think back to half a year ago. We faced prolonged deflation, economic stagnation, deterioration of our diplomatic capacity, repeated provocations to Japan’s sovereignty, bullying and other crises in education, and delays in reconstruction from the Great East Japan Earthquake.

Over the past half year I have invested all my efforts in moving quickly beyond these crises, to break through them. Examples of my efforts include the three “arrows” of my economic policy as well as monthly visits to the disaster areas and my overseas visits.

As a result of my three arrows, last year’s negative rate of growth has reversed course dramatically, becoming positive. I think the honest feeling of the public is that they are still unable to feel that positive turnaround. The months to come will be the moment of truth, as we ensure that people in every part of the country feel that change for themselves.

I firmly believe “this is the only path forward.” Execution will be the key. I am prepared to fight it out to the end.

I would like to express my sincere appreciation for everyone who has given me such cordial encouragement and support.”

As recently as the G8 Summit, a lot of attention by world leaders has been focused on so-called Abenomics, and the Prime Minister’s touted “three arrows” approach to revitalizing the Japan economy. I think it is important to note here, Japan faces far higher hurdles than EU economies comparatively, and mountainous restructuring when compared to the UK (whose ministers I scalded here).  And, assailed by opposing forces intent on diminishing Abe’s efforts its seems, Japan leadership takes a holistic approach to internal problems . and focuses on these in lieu of factoring in foreign exchange rates and etc. As for those other administrations, from David Cameron to Obama and Merkel, economics seems to equal cutting off the poor – at least someplace, if not inside Germany or the US.

As for Abe, even though Japan has the same and greater challenges to its economy, somehow the Prime Minister’s economics make more sense. In this discourse he discusses Social Security as a factor in spending, but he discusses it as a variable of the overall spending picture, not a remedy where cutting benefits is concerned. It seems fair to suggest austerity measures targeting benefits to the underprivileged and public services are an “easy target”, one Abe and his administration seem less willing to consider a solution. Stimulus, on the other hand, in combination with cutting waste, these would seem to benefit Japan and the world for the mid to long term.

Economic idealism aside, the real meat of Abenomics is inextricably tied to the theory that the world’s businesses migrating to China may have been a catastrophic exodus away from economies such as Japan’s. It can fairly be stated that Japan as the world’s second biggest economy before the assets crash, had far less detrimental effects than China’s paradigm shift atop the heap. This is in no way an ethnocentric view, but a practical business observation. The world put China in business, and ran a trusted partner out. Abe is intent on graduating Japan back into position. To this end, it is a wise thing for the Japanese people to follow suit, and maybe the West too?

For those able to afford it, Abe is fairly well defined by his book “Towards a Beautiful Country: My Vision For Japan“, which as the title suggests outlines his no excuses nationalist views on what the land of the rising sun should look like  in the near future. Appropriately too, world leaders would be well served (especially American ones) to speak for their respective constituents in the same way Abe admonishes in his book to “Speak for Japan.” For too many voices on Earth leadership talks from elsewhere.


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