Comment | Stellungnahme
Japan after two years of "Abenomics": monetary illusions, timid reforms
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)
- ISSN
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1861-1761
- Extent
-
Seite(n): 8
- Language
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Englisch
- Notes
-
Status: Veröffentlichungsversion; begutachtet
- Bibliographic citation
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SWP Comment (20/2015)
- Subject
-
Wirtschaft
Wirtschaftspolitik
öffentlicher Haushalt
Gesamtwirtschaft
Wirtschaftsentwicklung
Wirtschaftspolitik
Arbeitsmarktpolitik
Finanzpolitik
Japan
Geldpolitik
- Event
-
Geistige Schöpfung
- (who)
-
Hilpert, Hanns Günther
- Event
-
Veröffentlichung
- (who)
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Stiftung Wissenschaft und Politik -SWP- Deutsches Institut für Internationale Politik und Sicherheit
- (where)
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Deutschland, Berlin
- (when)
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2015
- URN
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urn:nbn:de:0168-ssoar-428308
- Rights
-
GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln
- Last update
-
21.06.2024, 4:26 PM CEST
Data provider
This object is provided by:
GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln. If you have any questions about the object, please contact the data provider.
GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln. If you have any questions about the object, please contact the data provider.
Object type
- Stellungnahme
Associated
- Hilpert, Hanns Günther
- Stiftung Wissenschaft und Politik -SWP- Deutsches Institut für Internationale Politik und Sicherheit
Time of origin
- 2015
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