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Japan's Economics: Abenomics from the Front and Rearview Mirrors
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Reference: DARDEN-GEM-0150
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Number of pages: 15
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Publication Date: Oct 17, 2017
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Fecha de edición: Jul 15, 2021
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Source: Darden University of Virginia (USA)
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Type of Document: Case
Description
This case uses Japan’s low-growth episodes since the 1990s to analyze economic policy in an environment featuring excess capacity, low growth, and low inflation. The case discusses the rationale behind “Abenomics”—Prime Minister Shinzō Abe’s three-pronged approach to stimulating Japan’s economy. In the case, Haruhiko Kuroda, the governor of the Bank of Japan (BOJ), is tasked with making the case to stick with Abenomics after five years under the policy. Were the three prongs of policy changes on course, or was one or more of the prongs failing to reenergize growth? The answer would be especially topical during the upcoming general election, which many viewed as a referendum on Abe’s economic policies.
Keywords
Abenomics
Bank of Japan
causal inference
Central Bank
consumer price index
Economic growth
Economic indicators
economic model
Economic policy
Fiscal policy
GDP
global economies
global markets
Interest rates
Japan
liquidity trap. international
long-run growth factors
Macroeconomics
Monetary policy
private consumption
production factors
Shinzo Abe
structural reform
unemployment rate