In December 2012, Shinzo Abe became Japan's prime minister for the second time around and moved quickly with a seemingly ambitious plan to end the nation's 20-year malaise and halt deflation. Markets rejoiced, international investors returned and polls show increases in business and household confidence as "Abenomics" unfolds. That's the hype, here is the reality. One year-plus months in, Abenomics is proving itself to be the same old mix of fiscal and monetary excess that left Japan with the world's largest public debt, zero interest rates and little to show for it -- jazzed up as something new and different. Pesek will explore 10 forces that are stunting Japan's evolution into a more vibrant, creative and competitive economic species and present prescriptions.
William Pesek is Asia-Pacific columnist for Bloomberg View, based in Tokyo, providing opinions and commentary on economics, business, markets and politics throughout the region. Pesek's columns routinely appear in the International Herald Tribune, Sydney Morning Herald, New York, Post, The Straits Times, The Japan Times and many other publications around the globe. He is winner most recently of the Society of American Business Editors and Writers (SABEW)'s 2010 award for commentary. He has a Bachelors degree in business journalism from Baruch College, CUNY. His work can be found at: http://www.bloomberg.com/view/bios/william-pesek/.