Almost a year on from when Japanese Prime Minister Shinzo Abe voiced the need for radical change to kick-start Japan's moribund economy, analysts remain divided over the success of 'Abenomics.'
Some say the mix of aggressive monetary policy, fiscal stimulus and economic reform this year has ignited a buzz about the world's third-largest economy not seen for a long time. Just look at the Nikkei, which is up almost 40 percent this year to easily become the world's best performing stock market.
Others however, argue that the move towards significant long-term reforms, on which the success of Abenomics is expected to rest, remains to be seen.
"Abenomics is at its first anniversary in effect and yet the only thing we've seen is the sales tax and that was looking hesitant for a while," said Andrew Sullivan, director of Asian sales trading at Kim Eng Securities. He was referring to Abe's decision in early October to push ahead with a controversial rise in Japan's sales tax, which is seen as key to easing the country's huge debt load.