Abenomics: Success, Failure or TBD?

The video discusses Japan's economic challenges, highlighting a surprise GDP drop leading to a recession. It covers Prime Minister Shinzo Abe's Abenomics plan, which includes fiscal stimulus, monetary easing, and structural reforms. The plan's impact on Japan's economy, such as the doubling of the Nikkei Index and currency devaluation, is explored. The political stakes for Abe, including a snap election and potential resignation, are also discussed.

What event led to Japan entering its fourth recession in six years?

• A decrease in exports

• A sudden increase in GDP

• A surprise drop in GDP

• An increase in the sales tax

What action did Prime Minister Abbott take in response to the economic situation?

• Called a snap election

• Introduced new fiscal policies

• Resigned from his position

• Increased the sales tax

When did Shinzo Abe win reelection for a second term as Prime Minister?

• December 2012

• December 2011

• December 2013

• December 2010

Which of the following is NOT one of the 'Three Arrows' of Abenomics?

• Increased taxation

• Fiscal stimulus

• Monetary easing

• Structural reforms

What was one of the economic impacts observed in Japan over the last two years due to Abenomics?

• The yen appreciated against the US dollar

• The Nikkei Index doubled

• The Nikkei Index halved

• Exports became more expensive