Sanaenomics, as some have dubbed Prime Minister Sanae Takaichi’s economic plans, can be a bit of a mouthful. Even harder than saying it has been grasping what it means.
The Takaichi Trade has fascinated markets, but ask someone to explain what she wants to do and you’ll often meet with confusion. Many mistake Sanaenomics for another round of pork-barrel spending, a return to the loose-money era of central bank bazookas.
Abenomics 2.0 it’s not. But her strategy lacks not only the folk-tale simplicity of Shinzo Abe’s three arrows, but a decent sales pitch. Her catchphrase of “responsible proactive fiscal policy” isn’t exactly catchy. I’ve struggled to explain her plans to those overseas.
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