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

[Stellungnahme]

Hilpert, Hanns Günther

Zitationshinweis

Bitte beziehen Sie sich beim Zitieren dieses Dokumentes immer auf folgenden Persistent Identifier (PID):http://nbn-resolving.de/urn:nbn:de:0168-ssoar-428308

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Körperschaftlicher Herausgeber 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)
Thesaurusschlagwörter Japan; economic policy; national trade and industry; economic development (on national level); monetary policy; labor market policy; fiscal policy; public budget
Klassifikation Wirtschaftspolitik
Freie Schlagwörter Abe, Shinzo
Sprache Dokument Englisch
Publikationsjahr 2015
Erscheinungsort Berlin
Seitenangabe 8 S.
Schriftenreihe SWP Comments, 20/2015
ISSN 1861-1761
Status Veröffentlichungsversion; begutachtet
Lizenz Deposit Licence - Keine Weiterverbreitung, keine Bearbeitung
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