Japanese Prime Minister Takaichi is seen as the successor to Abenomics. Yet Abenomics has had adverse repercussions, including steep yen depreciation and high inflation stemming from prolonged unconventional monetary accommodation. PM Takaichi advocates so-called crisis-management investment as her version of Abenomics’ third plank but she would be better advised to stick with the original third plank: growth strategies that draw forth private investment.