"Abenomics: What Is It? Is It Working? And What Needs To Happen Next"
Chief Global Economist and Head of Global Economics and Research, Standard & Poor’s Ratings Services
Language: The speech and Q & A will be in English
On a visit to the club in June last year, Paul Sheard said that Abenomics could be dubbed Nodanomics. He meant that Prime Minister Shinzo Abe's policies follow on from those of his predecessor Yoshihiko Noda as they may be a cover to get through the sales-tax rise that took effect last month.
About a year on, Sheard, the chief global economist at Standard & Poor's Ratings Services, will give his updated view of Abe's economic approach, as he tries to steer the economy through the tax increase that is dragging on consumer confidence and household finances and is expected to trigger a contraction this quarter.
Sheard leads a team of over 50 economists, researchers and analysts at S&P. He was previously chief global economist at Nomura Securities. He has written several books and articles on corporate governance and the Japanese economy. The Crisis of Main Bank Capitalism (Toyo Keizai Shinposha), earned him the Suntory-Gakugei Prize in the Economics–Politics Division.
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