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Japan

Merkelnomics v. Abenomics: German Rigor Or Seductive Japanese Stimulus?

One writer outlines what German Chancellor Angela Merkel is doing right; and sees potential deep flaws in the economic policies of Japan's Shinzo Abe.

Shinzo Abe and Angela Merkel at the 2013 G8 Summit in Northern Ireland
Shinzo Abe and Angela Merkel at the 2013 G8 Summit in Northern Ireland
Laurence Daziano

-Analysis-

PARIS — “Abenomics” is the name given to the economic revival measures implemented by Japanese Prime Minister Shinzo Abe since December 2012. There are three main strands: a massive fiscal stimulus, large-scale monetary easing by the Central Bank of Japan, and structural reforms aimed at increasing the competitiveness of Japanese businesses. These measures have provided a significant boost to the Japanese Stock Exchange and caused a weakening of the yen that has benefitted Japanese exports and tourism.

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Coronavirus

The Main COVID Risk Now: Long COVID

Death rates are down, masks are off, but many who have been infected by COVID have still not recovered. Long COVID continues to be hard to diagnose and treatments are still in the developmental stage.

Long COVID feels like a never-ending nightmare for those who suffer from it.

Jessica Berthereau

PARIS — The medical examination took longer than expected in the Parc de Castelnau-le-Lez clinic, near the southern French city of Montpellier. Jocelyne had come to see a specialist for long COVID-19, and exits the appointment slowly with help from her son. The meeting lasted more than an hour, twice as long as planned.

“I’m a fighter, you know, I’ve done a lot of things in my life, I’ve been around the world twice… I’m not saying this to brag, but to tell you my background," says the 40-year-old. "These days, I’m exhausted, I’m not hungry, I no longer drive, I can’t work anymore, I have restless legs syndrome.” She pauses before adding sadly: “I can’t read anymore either.”

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