“Policies include: pledge for 3 per cent annual increase in GDP/capita, promote business start-ups, set up special economic zones to attract foreign businesses, double inward Foreign Direct Investment (FDI) by 2020, pushing trade partnership – such as the Trans Pacific Partnership (TPP) – agricultural and healthcare reforms.”
Mr Carter says that while Mr Abe has been quite speedy in implementing monetary policy and getting some of the fiscal reforms out, the structural changes are much longer term and potentially more politically difficult.
Nyree Stewart is deputy features editor at Investment Adviser