Economy - Discuss Japan

Archives : Economy

No.15
Economy, Nos.13-15  Mar. 6, 2013

(JAPAN POLITICS CHANGED?) Economic Growth and Fiscal Reform Certainly Compatible

Photo : Amari Akira

What Is “Abenomics”? The top policy priority for the administration of Prime Minister Shinzo Abe is to revitalize the Japanese economy by bailing the nation out of its prolonged deflation at an early stage and stemming the yen’s excessive appreciation. The Abe Cabinet formulated the “Urgent Economic Countermeasures for the Revival of the Japanese Economy” on Jan. 11 and decided on a supplementary budget to finance the package on Jan. 15. On Jan. 22, the government and the Bank of Japan (BOJ) issued a joint statement announcing they will deepen cooperation to overcome deflation at an early date and achieve sustainable growth.... [Read more]