Japan 2016: Slow Economic Growth but an Affluent Society

Yuqing Xing

East Asian Policy (EAP), 2017, vol. 09, issue 01, 87-101

Abstract: Japanese economy grew steadily in 2016. However, household consumption remained weak and inflation was far below the 2% target. The Japanese government substantially adjusted both monetary and fiscal policies to support economic growth. Despite a tight labour market, the meagre increase in base salary could not stimulate consumption. However, Japan remains an affluent society, with a large amount of liquid assets and relatively low debts. Japanese overseas assets have risen significantly and is a major source of national income.

Date: 2017
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DOI: 10.1142/S1793930517000071

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