Abenomics

economic policies in Japan named after Shinzo Abe

Abenomics (アベノミクス, 安倍ノミクス, Abenomikusu) is the economic policies of the Government of Japan led by the Liberal Democratic Party (LDP) since the December 2012 general election. They are named after Shinzo Abe, who was Prime Minister of Japan from 2012 to 2020.[1] Abe's successor, Yoshihide Suga continued the policies and goals of the Abe administration, including Abenomics.[2]

Abenomics is based on: monetary easing from the Bank of Japan, fiscal stimulus through government spending, and structural reforms.[3] It has been seen as a "mix of reflation, government spending and a growth strategy.[4]

ReferencesEdit

  1. Hoshi, Takeo; Lipscy, Phillip Y. (2021). The Political Economy of the Abe Government and Abenomics Reforms. Cambridge University Press. ISBN 978-1-108-92240-1.
  2. Rich, Motoko; Inoue, Makiko; Dooley, Ben (14 September 2020). "Japan's Next Prime Minister Emerges From Behind the Curtain". The New York Times. Archived from the original on 16 September 2020. Retrieved 16 September 2020.
  3. "Definition of Abenomics". Financial Times Lexicon. Archived from the original on 18 November 2017. Retrieved 28 January 2014.
  4. "Abe's master plan". The Economist. 18 May 2013. Retrieved 29 May 2013.