Although Japanese Prime Minister Shinzo Abe's popularity has waned during recent years, his leadership remains unchallenged. But if the Japanese people tire of waiting for the prime minister's economic strategy to succeed, he could see challengers arise from within the ruling party's ranks.
The Bank of Japan's strategy won't work for much longer, and how it changes tactics will profoundly affect the prime minister's final years in office. Now, perhaps more than at any other time in Prime Minister Shinzo Abe's rule, global economic issues are weighing heavily on Japan's economy.
Despite his far-reaching plans, the prime minister's efforts to stimulate growth in Japan have largely been undone by instability in the global economy, including from developments in China and in post-Brexit Europe. His political legacy on the line, Abe will have to double down to make Abenomics a success.
