'Abenomics', the economic policy advocated by Japan's Shinzo Abe, is based on three arrows— large-scale monetary easing, fiscal stimulus and structural reforms. Implemented in 2012, 'Abenomics' aimed to achieve a 2% inflation target to end the deflation and the near stagnation of Japan's economy since the 1990s. Its immediate goal was to boost domestic demand and GDP growth.