In an era of dogmatic economic austerity, when elected officials in Europe and the U.S. are purging jobs and slashing public sector spending, Japan is trying a different approach to remedy economic recession by increasing spending on social programs to help the public and put people back to work. And unlike austerity, It’s actually working --
Japan’s Alternative To Austerity Dogma Is Showing Signs That It’s Working
Prime Minister Shinzo Abe’s economic stimulus policies have put GDP growth numbers far higher than forecasts predicted.