Abenomics hitting speed bumps

Japanese Prime Minister Shinzo Abe gestures during a televised news conference held at the prime minister's official residence in Tokyo. - EPA

FIVE woes led to the rise of Abenomics:

(i) severe side effects of the 1997 and 2008 global financial crises which resulted in the United States, eurozone and Japan each struggling with its own version of recession and then, a jobless slow recovery;