Abenomics and Policy Implications for Korea

Sung Chun Jung (), Hyong-Kun Lee () and Young Kyoung Suh ()
Additional contact information
Sung Chun Jung: Korea Institute for International Economic Policy
Hyong-Kun Lee: Korea Institute for International Economic Policy
Young Kyoung Suh: Korea Institute for International Economic Policy

No 13-12, World Economy Brief from Korea Institute for International Economic Policy

Abstract: With the Liberal Democratic Party(LDP) and its coalition partner, New Komeito, securing a two-thirds "supermajority" in the lower house of parliament in the general election on December 16th 2012, the new Japanese Prime Minister Shinzo Abe has been advocating his new economic policy, so-called "Abenomics," a package of economic measures put together to stimulate Japan's floundering economy. Abenomics contains three main aspects; monetary expansion, fiscal stimulus, and the growth strategy, which are aimed primarily at providing a near-term boost to the Japanese economy. That is, Abenomics calls for simultaneously promoting bold monetary easing, timely fiscal spending, and measures to spur private-sector investment to lift Japan from recession and deflation. Since Abe took office, Abenomics has drawn much attention from the international community on its sustainability and ripple effects on the global economy. This report provides a timely review of the details of the policy program, its impacts both on Japan and overseas, and implications for South Korea.

Keywords: Japan; Abenomics (search for similar items in EconPapers)
Pages: 6 pages
Date: 2013-03-25
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ssrn.com/abstract=2320929 Full text (application/pdf)

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: https://EconPapers.repec.org/RePEc:ris:kiepwe:2013_012

Access Statistics for this paper

More papers in World Economy Brief from Korea Institute for International Economic Policy [30147] 3rd Floor Building C Sejong National Research Complex 370 Sicheong-daero Sejong-si, Korea. Contact information at EDIRC.
Bibliographic data for series maintained by Geun Hye Son ().