Japanese Prime Minister Shinzo Abe gives a speech in Niigata

Abenomics rebooted?

  • Japan’s ultra-loose monetary policy has failed to boost lending and inflation
  • The scope for further fiscal stimulus is limited, while structural reforms are stalled
  • Social inequalities are deepening due to institutional rigidity

When will Abenomics finally deliver? The economic policy launched by Japanese Prime Minister Shinzo Abe back in April 2013 and lauded by many around the world at the time seems to have proved ineffective. Its idea was to extricate Japan from two decades of sluggish or negative growth and a deflationary spiral. Its “three arrows” consisted of aggressive monetary easing, more government spending and structural reforms.

In August 2016, after elections for Japan’s upper house of parliament bolstered the prime minister’s position, a research team from the International Monetary Fund published a call for Abenomics to be “reloaded” and intensified. They stressed the need for structural reforms, a reduction of fiscal imbalances and an effort to reinflate the economy, notably through “wage policy.” More or less at the same time, the government announced another stimulus package.

Unlock the report
8.95 EUR
 
Secure, instant payment by credit card or bank transfer
Dr. Emmanuel Martin
Abenomics has created a “feel-good economy” by firing off only the monetary and fiscal arrows
read more about it in the report
What's inside
  • Japan’s ultra-loose monetary policy has failed to boost lending and inflation
  • The scope for further fiscal stimulus is limited, while structural reforms are stalled
  • Social inequalities are deepening due to institutional rigidity
Who will benefit?
  • Report is targeted to the decision makers in cross country manufacturing – suppliers, manufacturers, logistics.
  • Also considered useful for the administrative university facilities, to better understand the possibe effects of current decisions.
By clicking "I Agree" below, you acknowledge that you accept our Privacy Policy and Terms and conditions. Feel free to check out our policies anytime for more information.
I agree