ABSTRACT
This chapter outlines the background to the implementation of the Abe programme, the nature of the three components, their impact on the economy to date, likely future direction and prospects for success. Abe's policies have been gradually exerting their effects on Japanese growth, and making some positive impacts on the region and the world, as the analysis has demonstrated. However, assessing the results and lessons of Abe's 'arrows strategy' that might benefit other countries should be done in the context of the diverging global economic conditions that led to separation from the common path of monetary easing. While the Federal Reserve has begun the normalisation of monetary policy in the USA, the European Central Bank, Bank of England and Bank of Japan continue maintaining their accommodative monetary conditions. The chapter concludes with an assessment of the lessons that other countries might derive from the Japanese experience.
