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Abenomics: has it worked? Will it ultimately fail?

Author

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  • Sebastien Lechevalier

    (CRJ - Centre de recherches sur le Japon - EHESS - École des hautes études en sciences sociales - CNRS - Centre National de la Recherche Scientifique, CCJ - Chine, Corée, Japon - EHESS - École des hautes études en sciences sociales - UPD7 - Université Paris Diderot - Paris 7 - CNRS - Centre National de la Recherche Scientifique)

  • Brieuc Monfort

    (FFJ - Fondation France-Japon de l'EHESS - EHESS - École des hautes études en sciences sociales)

Abstract

Abenomics initially generated high expectations but it has more recently come to be seen as yet another failed economic experiment. In addition, discussion of Abenomics often verges on caricature. It is thus crucial to provide a critical and balanced evaluation. We argue that, over the past five years, the proactive policies pursued under Abenomics played a decisive role in reversing one cause of the Japanese slowdown–inconsistent economic policies–and that they are now yielding preliminary results. We are more critical with regard to long-term issues: as the case of trade policy shows, the problem is not so much a lack of structural reform as limits to its ability to increase Japan's growth potential.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Sebastien Lechevalier & Brieuc Monfort, 2017. "Abenomics: has it worked? Will it ultimately fail?," Post-Print halshs-01741771, HAL.
    • Handle: RePEc:hal:journl:halshs-01741771
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    Cited by:

    1. Knolle, Julia, 2020. "Prosperity in a Low Interest Environment," MPRA Paper 104332, University Library of Munich, Germany.
    2. Saori Katada, 2023. "Political Economy shaped by Financialization," Working Papers hal-04136349, HAL.

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