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Abenomics: a Way to Accelerate the Japanese Economic Growth?

Author

Listed:
  • Valéria Szekeres

    (Óbuda University)

  • Aleksandra Szczepańska

    (Czestochowa University of Technology)

Abstract

In Japan the Abe administration has begun a wide range of policy measures such as massive monetary easing, fiscal expansion and structural reforms, through which the government aims at revitalizing the whole economy. At the same time there are ambitions to reinforce the good international image of the country. The task is huge, because the country has been suffering from stagnation and resignation for more than two decades, facing many problems of the aging society, and difficulties arise with implementing the important reforms. Moreover, vested interests in the bureaucracy and the concept of developmental state may also hinder the structural changes which are greatly needed. The centralized role of the state is conflicting with many attributes regarded as essential parts of the free market economy.

Suggested Citation

  • Valéria Szekeres & Aleksandra Szczepańska, 2015. "Abenomics: a Way to Accelerate the Japanese Economic Growth?," Proceedings- 11th International Conference on Mangement, Enterprise and Benchmarking (MEB 2015),, Óbuda University, Keleti Faculty of Business and Management.
  • Handle: RePEc:pkk:meb015:397-404
    as

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    References listed on IDEAS

    as
    1. Flath, David, 2014. "The Japanese Economy," OUP Catalogue, Oxford University Press, edition 3, number 9780198702405.
    2. Joshua K. Hausman & Johannes F. Wieland, 2014. "Abenomics: Preliminary Analysis and Outlook," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 45(1 (Spring), pages 1-76.
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