Can Abenomics Succeed?

Can Abenomics Succeed?

Author: Mr.Dennis P Botman

Publisher: International Monetary Fund

Published: 2015-03-04

Total Pages: 20

ISBN-13: 1498324681

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Japan’s revitalization plan, dubbed the “three arrows of Abenomics,” devises a three-pronged strategy—combining fiscal, monetary, and structural policies—to overcome that country’s apparent inability to sustain economic recovery. This book is the first comprehensive assessment of Abenomics and the reforms needed to make it a success, including aggressive monetary easing, growth-friendly fiscal consolidation, and structural and financial sector reforms.


Excerpt: Can Abenomics Succeed?

Excerpt: Can Abenomics Succeed?

Author: Mr.Dennis P Botman

Publisher: International Monetary Fund

Published: 2015-02-13

Total Pages: 18

ISBN-13: 1498335594

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Since the bursting of the bubble, Japan has been unable to sustain economic recoveries. Monetary policy was unable to beat deflation, structural reforms failed to lift potential growth, and fiscal measures were insufficient to reverse the path of ever rising public sector debt. Japan’s revitalization plan dubbed the “three arrows of Abenomics” devises a three-pronged strategy—combining fiscal, monetary, and structural policies—to overcome these problems. Amid a more challenging external environment and an aging population, Japan may well face its last opportunity to avoid a highly disruptive fiscal crisis and restore sustainability in a smooth manner instead. The book discusses mutually reinforcing reforms on several fronts, including aggressive monetary easing, growth-friendly fiscal consolidation, and structural and financial sector reforms to revive animal spirits and stimulate potential growth.


Excerpt

Excerpt

Author: Mr. Jerald A. Schiff

Publisher:

Published: 2015

Total Pages:

ISBN-13: 9781498362078

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Can Abenomics Succeed?

Can Abenomics Succeed?

Author: Mr.Dennis P. J. Botman

Publisher: International Monetary Fund

Published: 2015-04-06

Total Pages: 20

ISBN-13: 1498302335

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Japan’s revitalization plan, dubbed the “three arrows of Abenomics,” devises a three-pronged strategy—combining fiscal, monetary, and structural policies—to overcome that country’s apparent inability to sustain economic recovery. This book is the first comprehensive assessment of Abenomics and the reforms needed to make it a success, including aggressive monetary easing, growth-friendly fiscal consolidation, and structural and financial sector reforms.


China's Economy in Transition

China's Economy in Transition

Author: Mr.Anoop Singh

Publisher: International Monetary Fund

Published: 2013-11-07

Total Pages: 292

ISBN-13: 1484321936

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China's current account surplus has declined to around one-quarter the peak reached before the global financial crisis. While this is a major reduction in China's external imbalance, it has not been accompanied by a decisive shift toward consumption-based growth. Instead, the compression in its external surplus has been accomplished through increasing fixed investment so that it is now an even higher share of China's national economy. This increasing reliance on fixed investment as the main driver of China's growth raises questions about the durability of the compression in the external surplus and the sustainability of the current growth model that has had unprecedented success in lifting about 500 million people out of poverty over the last three decades. This volume examines various aspects of the rebalancing process underway in China, highlighting policy lessons for achieving stable, sustainable, and inclusive growth.


Wage-Price Dynamics and Structural Reforms in Japan

Wage-Price Dynamics and Structural Reforms in Japan

Author: Davide Porcellacchia

Publisher: International Monetary Fund

Published: 2016-02-10

Total Pages: 26

ISBN-13: 1498317782

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Structural reforms in the liquidity trap need not be deflationary. This paper develops a simple framework to study the role that key characteristics of Japan’s labor and product markets—labor-market duality and weak corporate governance—play in generating unfavorable wage-price dynamics. The model allows a discussion of whether and in what form structural reforms may contribute to Japan’s short-run goal of reflating the economy. It finds that boosting inflation with structural reforms implies an unusual trade-off with employment, that is an inverted Phillips curve. Simultaneous implementation of labor-market and product-market reforms is most effective in terms of reflating the economy.


Japanese Political Economy Revisited

Japanese Political Economy Revisited

Author: David Chiavacci

Publisher: Routledge

Published: 2020-11-25

Total Pages: 132

ISBN-13: 0429884567

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During the last 30 years, the Japanese political economy system has experienced significant changes that are usually not well understood or analysed because of their complexity and contradictions. This book provides new analyses and insights on the process of evolving Japanese political economy including Japan’s current economic policy known as Abenomics. The first three chapters looks at evolutions at the corporate level, characterised in recent years by increasing firm heterogeneity. The authors apply theoretically driven analyses to the complex subject of corporate governance, human resource management and corporate reporting by discussing new developments in context of their economic opportunities as well as of their institutional contradictions with continuities in Japanese business practices. The second group of chapters deals with institutional changes and evolving economic reforms on the macro level of political economy. The two chapters focus on the financial system regulation and economic growth policies as two central elements of Japan’s political economy and key drivers in the evolution of its economy. Their analysis allows us to better understand the interplay between reforms and change in consumption credit and to reinterpret Abenomics as a manifestation of ongoing contradictions within the Japanese political economy. The chapters were originally published in a special issue in Japan Forum.