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Book part
Publication date: 8 August 2017

Takeshi Nakatani and Taro Abe

This paper examines policies of Abenomics and explains their ineffectiveness through historical comparisons. In conclusion, Abenomics raises serious concerns about…

Abstract

This paper examines policies of Abenomics and explains their ineffectiveness through historical comparisons. In conclusion, Abenomics raises serious concerns about Japanese economy. It offsets the effects of its aggressive monetary expansion by increasing consumption taxes. It has tilted the distribution of income in favor of financial speculation, but the returns have not benefitted the nonfinancial economy. It has enriched investors, corporate profits, and exporters but not Japan’s workers, households, and general economy. It ignores the structural problems. Specifically, its deregulation of labor markets reduced household income by raising the number of nonregular workers. Higher wages in general and providing more workers with stable, well-paid employment are among necessary reforms. It will be difficult to achieve a sustainable economic recovery in Japan without proceeding with these types of policy changes.

Details

Return of Marxian Macro-Dynamics in East Asia
Type: Book
ISBN: 978-1-78714-477-4

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Executive summary
Publication date: 23 June 2016

JAPAN: Abenomics diverts from Constitution plans

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DOI: 10.1108/OXAN-ES211965

ISSN: 2633-304X

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Geographic
Topical
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Executive summary
Publication date: 23 July 2015

JAPAN: Tourism arrow on course for Abenomics target

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DOI: 10.1108/OXAN-ES201179

ISSN: 2633-304X

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Geographic
Topical
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Executive summary
Publication date: 6 October 2015

JAPAN: TPP gives 'third arrow' substance at last

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DOI: 10.1108/OXAN-ES205800

ISSN: 2633-304X

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Geographic
Topical
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Expert briefing
Publication date: 27 January 2016

The Abe government's economic policies.

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DOI: 10.1108/OXAN-DB208088

ISSN: 2633-304X

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Geographic
Topical
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Article
Publication date: 16 July 2018

Jimmyn Parc

Once one of the most prominent economies in the world, Japan is currently suffering from economic stagnancy. To revitalize the economy effectively, the core problems of…

Abstract

Purpose

Once one of the most prominent economies in the world, Japan is currently suffering from economic stagnancy. To revitalize the economy effectively, the core problems of Japan and its economy need to be first identified. This paper aims to understand accurately what the fundamental reasons are for Japan’s current economic stagnancy.

Design/methodology/approach

The generalized double diamond model, which is an extension of Porter’s original diamond model is used to incorporate internationalization which is very important for Asian countries, notably Japan. Furthermore, its competitiveness is compared with neighboring countries that are in competition in the global market.

Findings

Japan’s current economic problems and its slow recovery are because of a lack of globalization vis-à-vis its counterparts in the region, rather than specific macro-economic factors. Hence, further globalization is crucial toward ensuring a further take-off for the economy.

Practical implications

Macro-economic policies may be important but cannot directly improve a nation’s competitiveness. This paper highlights the importance of globalization and concludes that multinational activities are crucial to enhance a nation’s competitiveness in both domestic and international scope.

Originality/value

This paper adopts the concept of national competitiveness to examine the fundamental economic problems of Japan’s slow recovery and stagnancy more comprehensively. In particular, it compares the competitiveness of Japan with its neighbors which are its economic competitors.

Details

Competitiveness Review: An International Business Journal, vol. 28 no. 4
Type: Research Article
ISSN: 1059-5422

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Expert briefing
Publication date: 19 November 2015

Prospects for Japan in 2016

Prospects for Japan in 2016.

Details

DOI: 10.1108/OXAN-DB206761

ISSN: 2633-304X

Keywords

Geographic
Topical
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Expert briefing
Publication date: 26 July 2016

The Abe government's economic policy.

Details

DOI: 10.1108/OXAN-DB212603

ISSN: 2633-304X

Keywords

Geographic
Topical
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Expert briefing
Publication date: 16 August 2017

Upward revisions to the previous two quarters brought Japan’s growth rate to more than 2% year-on-year and meant that Japan's economy has now reported six consecutive…

Details

DOI: 10.1108/OXAN-DB223823

ISSN: 2633-304X

Keywords

Geographic
Topical
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Expert briefing
Publication date: 4 August 2017

A profile of Shigeru Ishiba.

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