The Following Excerpt from a Wall Street Journal Article,"Japan's Revival

Essay

The following excerpt from a Wall Street Journal article,"Japan's Revival Bid Has Global Consequences" (http: / / goo.gl / umZMId):
"Mr.Abe's government has fired the first of the "three arrows" of Abenomics: It installed a new central-bank governor who has flooded the economy with money.The second arrow,fiscal policy,has only been half-fired.It has embarked on a fiscal stimulus,but hasn't yet announced a medium-term plan to raise taxes and cut spending."
Discuss the possible effects of Prime Minister Shinzo Abe's macroeconomic policy approach given that Japan's government debt is excessive.