Economics at your fingertips  

A Historical Perspective and Evaluation of Abenomics

Takeshi Nakatani and Taro Abe ()

A chapter in Return of Marxian Macro-Dynamics in East Asia, 2017, vol. 32, pp 63-79 from Emerald Publishing Ltd

Abstract: Abstract This paper examines policies of Abenomics and explains their ineffectiveness through historical comparisons. In conclusion, Abenomics raises serious concerns about Japanese economy. It offsets the effects of its aggressive monetary expansion by increasing consumption taxes. It has tilted the distribution of income in favor of financial speculation, but the returns have not benefitted the nonfinancial economy. It has enriched investors, corporate profits, and exporters but not Japan’s workers, households, and general economy. It ignores the structural problems. Specifically, its deregulation of labor markets reduced household income by raising the number of nonregular workers. Higher wages in general and providing more workers with stable, well-paid employment are among necessary reforms. It will be difficult to achieve a sustainable economic recovery in Japan without proceeding with these types of policy changes.

Keywords: Abenomics; Japanese economy; neoliberal policies; deregulation of labor markets (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link) ... RePEc&WT.mc_id=RePEc (text/html)
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This item can be ordered from
Emerald Group Publishing, Howard House, Wagon Lane, Bingley, BD16 1WA, UK
http://www.emeraldgr ... ies.htm?id=0161-7230

Access Statistics for this chapter

More chapters in Research in Political Economy from Emerald Publishing Ltd
Bibliographic data for series maintained by Charlotte Maiorana ().

Page updated 2022-04-29
Handle: RePEc:eme:rpeczz:s0161-723020170000032005