"Abe can't stand the thought of Japan losing its international clout or the stamina to see through economic growth. Yet he became the epitome of Japan's declining power when he chose to step down as prime minister after just a year. He and Japan became mirror images – a weak country and a weak leader."
- Anonymous source
Japan's monetary base rocketed 51.9% last month, totalling 200.414 trillion yen, the Bank of Japan said on Tuesday. The figure follows a 46.6% rise a month earlier. At the same time, the adjusted monetary base surged 76.0%, supporting the case the central bank will continue injecting cash into the economy to spur growth and inflation.
The latest economic indicators are showing the central bank is still on the course to reach the 2% inflation within two years and suggesting Abenomics are spreading throughout the economy, but will Shinzo Abe be able to stay on the course in the future? Shinzo Abe is known for his nationalistic views, also being conservative, right-wing and hawkish. Moreover, he was already accused on setting the world's third largest economy on a collision course with its neighbour, China. This week North Korea already called Shinzo Abe as an "Asian Hitler" for his intensions to amass military power.
After decades of falling inflation and weak growth the economy is stirring, prompting Shinzo Abe to claim "Japan is back". Nevertheless, growing political disputes and the upcoming April's tax hike can derail economic growth and all previously done efforts.
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