Saturday, September 19, 2020

Suganomics: Can Japan's new prime minister fix national economy?


An ageing population, huge debts and a recession - we look at the challenges facing Japan's new prime minister.


Chief cabinet secretary Yoshihide Suga has replaced his boss, Shinzo Abe, as prime minister after Abe stepped down due to ill health.

Suga's challenge is to make sure the 2020s are not a wasted decade.

The country is quickly racking up debts - expected to hit 268 percent of gross domestic product (GDP) by the end of this year - to cope with the pandemic.


 

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