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[1385816986] Abenomics

No.59997 View ViewReplyOriginalReport
'Abenomics' in line for buzzword of the year

TOKYO - Even if Japanese Prime Minister Shinzo Abe's pro-growth "Abenomics" strategy fails to turn the world's third-largest economy around, it still has the chance to win one honour: this year's buzzword of the year, reported the Wall Street Journal (WSJ) yesterday.

   The premier's last name with the suffix - nomics tacked on was one of 50 phrases nominated this week for the title by publishing house Jiyukokuminsha, said the WSJ.

   The competition is stiff: Mr Abe will have to beat out air pollutant "PM 2.5", "big data" and Funabashi, Chiba Prefecture's androgynous pear-fairy mascot Funasshi in order to take home the top prize on Dec 2.

   The contest, started in 1984, recognises new entrants to the popular lexicon. A seven-person panel picks a winner and nine runners-up from a short-list of 50 nominees in early December.

   The Japanese Prime Minister's eponymous policies are coming into this year's race an underdog.

   In a recent poll by video rental store operator Culture Convenience Club, "double the payback" - a phrase popularised by the banker protagonist of a TV show called Hanzawa Naoki - came in first with 26.3 per cent of a total of 1,254 votes. "Abenomics" came in fifth with 9.7 per cent, according to the WSJ