IDEAS home Printed from https://ideas.repec.org/p/ris/kiepwe/2013_012.html
   My bibliography  Save this paper

Abenomics and Policy Implications for Korea

Author

Listed:
  • Jung, Sung Chun

    (Korea Institute for International Economic Policy)

  • Lee, Hyong-Kun

    (Korea Institute for International Economic Policy)

  • Suh, Young Kyoung

    (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.

Suggested Citation

  • Jung, Sung Chun & Lee, Hyong-Kun & Suh, Young Kyoung, 2013. "Abenomics and Policy Implications for Korea," World Economy Brief 13-12, Korea Institute for International Economic Policy.
    • Handle: RePEc:ris:kiepwe:2013_012
    as

    Download full text from publisher

    File URL: https://ssrn.com/abstract=2320929
    File Function: Full text
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Japan; Abenomics;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:kiepwe:2013_012. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Geun Hye Son (email available below). General contact details of provider: https://edirc.repec.org/data/kieppkr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.