Abenomics: a Way to Accelerate the Japanese Economic Growth?

Valéria Szekeres () and Aleksandra Szczepańska ()
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Valéria Szekeres: Óbuda University
Aleksandra Szczepańska: Czestochowa University of Technology

from Óbuda University, Keleti Faculty of Business and Management

Abstract: In Japan the Abe administration has begun a wide range of policy measures such as massive monetary easing, fiscal expansion and structural reforms, through which the government aims at revitalizing the whole economy. At the same time there are ambitions to reinforce the good international image of the country. The task is huge, because the country has been suffering from stagnation and resignation for more than two decades, facing many problems of the aging society, and difficulties arise with implementing the important reforms. Moreover, vested interests in the bureaucracy and the concept of developmental state may also hinder the structural changes which are greatly needed. The centralized role of the state is conflicting with many attributes regarded as essential parts of the free market economy.

Keywords: Abenomics; Japanese economy; developmental state (search for similar items in EconPapers)
Date: 2015
ISBN: 9786155460470
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Persistent link: https://EconPapers.repec.org/RePEc:pkk:meb015:397-404

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