Shibata, S. orcid.org/0000-0002-5944-9721 (2017) Re-packaging old policies? ‘Abenomics’ and the lack of an alternative growth model for Japan's political economy. Japan Forum, 29 (3). pp. 399-422. ISSN 0955-5803
Abstract
‘Abenomics’ has continued to attract the attention of both the national and international media and a broad range of scholars. There are different and contested views of Abenomics and its impact upon the Japanese economy. This article argues that those more Keynesian-style remedies that form part of Abenomics have not been able to address Japan's longer-term problem of weak demand, especially in terms of private consumption. This is in large part due to the liberalising measures that also form part of Abenomics, and which are incompatible with the Keynesian remedies pursued. Whilst Abenomics has the potential (at least in the short-to-medium term) to improve the profitability of Japanese businesses, in the absence of a corresponding move to redistribute corporate wealth to labour, Abenomics also represents a hazard to future economic growth in Japan.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2017 The Author(s). This is an Open Access article distributed under the terms of the Creative Commons Attribution-NonCommercial-NoDerivatives License (http://creativecommons.org/licenses/by-nc-nd/4.0/), which permits non-commercial re-use, distribution, and reproduction in any medium, provided the original work is properly cited, and is not altered, transformed, or built upon in any way. |
Keywords: | Abenomics; political economy; monetary policy; Japan; quantitative and qualitative easing; structural reforms; labour |
Dates: |
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Institution: | The University of Sheffield |
Academic Units: | The University of Sheffield > Faculty of Social Sciences (Sheffield) > School of East Asian Studies (Sheffield) |
Depositing User: | Symplectic Sheffield |
Date Deposited: | 09 Sep 2021 07:58 |
Last Modified: | 12 Sep 2021 04:53 |
Status: | Published |
Publisher: | Taylor & Francis |
Refereed: | Yes |
Identification Number: | 10.1080/09555803.2017.1284143 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:177977 |
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Licence: CC-BY-NC-ND 4.0