More documents from Hilpert, Hanns Günther

Export to your Reference Manger

Please Copy & Paste



Bookmark and Share

Japan after two years of "Abenomics": monetary illusions, timid reforms


Hilpert, Hanns Günther

fulltextDownloadDownload full text

(125 KByte)

Citation Suggestion

Please use the following Persistent Identifier (PID) to cite this document:

Further Details
Corporate Editor Stiftung Wissenschaft und Politik -SWP- Deutsches Institut für Internationale Politik und Sicherheit
Abstract When Shinzo Abe became Prime Minister of Japan in December 2012, he raised great economic expectations. He promised a radical turnaround in monetary policy, long-term fiscal consolidation, and structural reforms to revive the economy. Two years on, the interim results of “Abenomics” are sobering. Despite unprecedented monetary expansion and vigorous fiscal stimulation, Japan has been unable to overcome deflation and weak growth. And although the consumption tax has been increased, the country is far from achieving sustainable budget consolidation. Abe has also failed to deliver on his promise to introduce groundbreaking structural reforms aimed at stimulating growth. Why have these goals not been achieved? In light of Japan’s large – and growing – national debt and its ageing population, what other economic policy options can be pursued? (Autorenreferat)
Keywords Japan; economic policy; national trade and industry; economic development (on national level); monetary policy; labor market policy; fiscal policy; public budget
Classification Economic Policy
Free Keywords Abe, Shinzo
Document language English
Publication Year 2015
City Berlin
Page/Pages 8 p.
Series SWP Comments, 20/2015
ISSN 1861-1761
Status Published Version; reviewed
Licence Deposit Licence - No Redistribution, No Modifications