SEÚL - La agenda económica del primer ministro japonés, Shinzo Abe -conocida como "abenomía"- parece estar dando buenos resultados para su país. Se espera que la política monetaria expansionista inyecte liquidez a la economía japonesa hasta que la inflación alcance el objetivo del 2% del Banco de Japón, a la vez que se especula con que la política fiscal expansionista continúe hasta que se afiance la recuperación económica.

En consecuencia, la confianza de los consumidores y los inversores está retornando. El mercado bursátil japonés ha aumentado más del 40% desde noviembre del año pasado, cuando se tornó evidente que Abe integraría el próximo gobierno, y las exportaciones y el crecimiento también están repuntando. Con una brecha de producción grande y una baja presión inflacionaria, las políticas expansionistas demuestran un gran potencial para reanimar la actividad económica.

Sin embargo, otros países -inclusive economías vecinas de Asia- temen que Japón esté devaluando el yen para fomentar las exportaciones y el crecimiento en detrimento de ellos. Algunos han acusado a Japón de estimular una "guerra monetaria" global. La expectativa de una expansión monetaria agresiva ha debilitado al yen, que cayó casi el 20% frente al dólar en apenas cuatro meses.

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