Abenomics Races Against the Clock

Are Shinzo Abe’s days as Japan’s prime minister numbered?

Many will dismiss this question as premature or naive -- perhaps both. The architect of “Abenomics” boasts a higher approval rating than any of the eight previous Japanese prime ministers. Abe’s Liberal Democratic Party is heading to a big victory in next month’s upper-house election. Supporters are convinced he will use that mandate to end Japan’s 20-year deflationary funk with boldness, creativity and panache.

There’s just one problem with their thesis: The batteries that have powered support for Abe’s revival plan -- surging stocks -- are running out.