Three Arrows of “Abenomics” and the Further Remedy for the Japanese Economy
Three Arrows of “Abenomics” and the Further Remedy for the Japanese Economy
复制标题
“安倍经济学”三支箭及日本经济的进一步救治
DOI:
10.1007/978-981-10-5021-3_7
复制
发表时间:
2017
期刊:
影响因子:
--
通讯作者:
Farhad Taghizadeh‐Hesary
中科院分区:
文献类型:
--
作者:
N. Yoshino;Farhad Taghizadeh‐Hesary
“Abenomics” refers to the economic policies advocated by Prime Minister Shinzo Abe, who became Prime Minister of Japan for a second time when his party, the Liberal Democratic Party, won an overwhelming majority at the general election in December 2012. Abenomics is distinguished by sets of policies that comprise “three arrows”: (i) an aggressive monetary policy, (ii) fiscal consolidation, and (iii) a growth strategy. The Japanese economy faces an aging population and expanding social welfare expenses. No other country has experienced Japan’s rapid growth of retired people. In this chapter we will explain these three aspects of Abenomics and the current state of the Japanese economy and examine what further remedies may be required if Japan is to recover from its long-term deflation. Among remedies we will highlight hometown investment trust (HIT) funds, as a new way of financing start-up businesses and SMEs. The sector that dominates the Japanese economic output and employment.
DOI:
--
发表时间:
1993
期刊:
影响因子:
--
作者:
T. Hoshi;A. Kashyap;D. Scharfstein
通讯作者:
D. Scharfstein
影响因子:
9.7
作者:
Naoyuki Yoshino;Tomohiro Hirano
通讯作者:
Tomohiro Hirano