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Japan after two years of "Abenomics": monetary illusions, timid reforms
[Stellungnahme]
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. De... mehr
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)... weniger
Thesaurusschlagwörter
öffentlicher Haushalt; Gesamtwirtschaft; Wirtschaftsentwicklung; Wirtschaftspolitik; Arbeitsmarktpolitik; Finanzpolitik; Japan; Geldpolitik
Klassifikation
Wirtschaftspolitik
Freie Schlagwörter
Abe, Shinzo
Sprache Dokument
Englisch
Publikationsjahr
2015
Erscheinungsort
Berlin
Seitenangabe
8 S.
Schriftenreihe
SWP Comment, 20/2015
ISSN
1861-1761
Status
Veröffentlichungsversion; begutachtet
Lizenz
Deposit Licence - Keine Weiterverbreitung, keine Bearbeitung