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He leaves office having failed to achieve his ambition to reform Japan’s constitution, and is widely seen as having mismanaged the most serious public health crisis in decades.
Kishida is a veteran politician from the party mainstream, who served as former Prime Minister Shinzo Abe's foreign minister for many years and then as party policy chief…
This paper examines policies of Abenomics and explains their ineffectiveness through historical comparisons. In conclusion, Abenomics raises serious concerns about Japanese…
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.
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Kishida's factional background within the ruling Liberal Democratic Party (LDP) suggests a dovish orientation towards China.
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DOI: 10.1108/OXAN-DB265068
ISSN: 2633-304X
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Geographic
Topical
This will enable it to continue in power for the foreseeable future. The LDP alone won 261 seats and the Komeito 32, a total of 293 in an assembly of 465.
The winner will become prime minister and lead the party into a general election that must take place before the middle of November. Four candidates are running. The incumbent…
He has held high-profile posts since 2015, as minister for foreign affairs and then defence during Shinzo Abe's administration. He now oversees Prime Minister Yoshihide Suga’s…
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DOI: 10.1108/OXAN-DB259767
ISSN: 2633-304X
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Geographic
Topical
The 'Moritomo Gakuen' scandal.