Abe and Japan standing tall? Economic implications of the Prime Minister’s European trip, June 2013

James Brady ()
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James Brady: Asia Pacific Institute of Research

No 36, APIR Discussion Paper Series from Asia Pacific Institute of Research

Abstract: As the second-tallest Japanese prime minister in the modern era, Prime Minister Shinzo Abe stood tall among other world leaders in the “family photo” at the recent 2013 G8 Summit, held at Lough Erne in Northern Ireland. The image seemed somehow symbolic of the fact that Japan has enjoyed an increased prominence in the global economy this year, as the effects of the new LDP administration’s bold economic stimulus programme have started to take hold. The summit trip was part of a tour of European capitals which gave Mr. Abe the chance to make the case for Abenomics in person, and to seek to boost Japan’s trade and investment relations with the EU in a number of areas. This discussion paper looks at how Abenomics is raising Japan’s profile in Europe, and considers the economic goals of this trip - in particular, the goal of doubling Japan-bound FDI ? and the likely effects of the “three arrows” in achieving these goals.

Pages: 11 pages
Date: 2013-08
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