Author(s)

Jingxuan Wu ¹

Affiliation(s)

¹ Beijing National Day School, Beijing, 100039, China

Corresponding Author

Jingxuan Wu

ABSTRACT

This research paper examines the economic policies implemented by Japan over the past decade, focusing on the "Abenomics" framework, based on monetary policy, fiscal policy, structural reform, labor market reforms, and the current state of Japanese govern-ment debt. The study analyzes the impact and effectiveness of these policies in addressing Japan's economic challenges and fostering sustainable growth. In the context of "Abenom-ics," the paper explores the three arrows of monetary stimulus, fiscal measures, and struc-tural reforms, studying their contributions to inflation, GDP growth, and income inequality. Furthermore, it explores the labor market policy adjustments aimed at enhancing job flexi-bility, increasing workforce productivity, and addressing demographic challenges. Addi-tionally, the paper investigates Japan's current government debt situation, analyzing its im-plications for fiscal sustainability and the economy at large. Through an examination of rel-evant data, policy debates, and scholarly studies, this research paper aims to provide a comprehensive understanding of Japan's economic policies, their outcomes, and the chal-lenges that lie ahead.

KEYWORDS

Abenomics, Monetary policy, Fiscal policy, Government debt, GDP

CITE THIS PAPER

Jingxuan Wu, An analysis of Japanese economic policy. Information Systems and Economics (2024) Vol. 5: 133-137. DOI: http://dx.doi.org/10.23977/infse.2024.050218.

REFERENCES

[1] Kim Yang-Hee. A Study on the Mechanism and Transmission Channels of Abenomics: Theory and Reality. Journal of Korean Social Trend and Perspective, 2013, 89:291-321.
[2] Inoguchi Takashi. Japan in 2013: Abenomics and Abegeopolitics. Asian Survey, 2014, 54(1):101-112. DOI: 10.1525/AS.2014.54.1.101.
[3] Hyun Song Jung. Navigating Japan's Economic Reforms. Institute for Humanities and Social Sciences. 2016, 17(3):547-582.
[4] Pak Seong Bin. Changes of Japanese Financial Policy and Financial Mediation Function: Centering on the Roles of Local Finance and Policy Finance. Comparative Japanese Studies, 2021, 52:29-50. DOI: 10.31634/cjs.2021.52.029.
[5] Hausman Joshua K. and Johannes F. Wieland. Overcoming the Lost Decades? Abenomics after Three Years. Brook-ings Papers on Economic Activity, 2015: 385 - 431.
[6] Ito T. An assessment of Abenomics: Evolution and achievements[J]. Asian Economic Policy Review, 2021, 16(2): 190-219.

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