Meanwhile, in Japan, the private sector’s patience with Prime Minister Shinzo Abe’s three-pronged strategy to reinvigorate the long-stagnant economy – so-called “Abenomics” – will be tested, particularly with regard to the long-awaited implementation of structural reforms to complement fiscal stimulus and monetary easing. If the third “arrow” of Abenomics fails to materialize, investors’ risk aversion will rise yet again, hampering efforts to stimulate growth and avoid deflation.
与此同时，在日本，私营企业对首相安倍晋三重振长期停滞经济的三项战略——所谓的“安倍经济学”——的耐性将受到挑战，特别是期待已久的用来补强财政刺激和宽松货币政策的结构改革。如果安倍经济学的第三支“箭”不能成功，投资者的风险厌恶程度将再次提升，阻碍刺激经济增长，导致避免通缩的努力付诸东流。