In 2012, Shinzo Abe was elected as Japan’s prime minister for a second time. In the years since he had …show more content…
Although exports have risen to the United States, they have fallen to the other main trading partners, China, South Korea, Taiwan, and Hong Kong [10]. When Shinzo Abe took office in 2012, exports were at a low, roughly 4500 billion Japanese yen and while there is a lot of movement, the numbers, over time, have continued to rise. The highest ever recorded sales in Japan was 7582 billion JPY and occurred in 2008, just prior to the recession. Since that time, and especially since 2012, export sales have risen steadily, peaking in March of this year and decreasing only slightly to 6544 billion JPY in October [10]. Again, the numbers alone may not look promising for Japan and Abenomics, but trends seem to be rising, perhaps glacially, but rising none the