Abenomics Research Papers - Academia.edu (original) (raw)

O presente artigo possui como objetivo geral compreender a condução da política externa japonesa de Shinzō Abe a partir de sua eleição como primeiro-ministro do Japão em 2012 até 2019. Concomitantemente a esse período, tem-se como... more

O presente artigo possui como objetivo geral compreender a condução da política externa japonesa de Shinzō Abe a partir de sua eleição como primeiro-ministro do Japão em 2012 até 2019. Concomitantemente a esse período, tem-se como objetivos específicos examinar o processo de remilitarização japonês, analisar as políticas econômicas aplicadas através das Abenomics e, por fim, investigar como a política externa de Abe afetou as relações japonesas com os Estados Unidos, China, Coreia do Sul e Coreia do Norte. Nesse sentido, a hipótese desse trabalho é a de que, ao longo da construção de uma política externa japonesa mais assertiva, o Japão está criando fricções geopolíticas em seu entorno. Como resultado, o Japão se fortaleceu militarmente diante da conjuntura regional, aplicou diversas políticas econômicas usadas para seu crescimento e, até mesmo, favorecimento do partido de Abe, assim como gerou o afastamento japonês na península coreana ao passo que a relação de Abe com Xi Jinping e Donald Trump se manteve sem grandes atritos.

Purpose - Once one of the most prominent economies in the world, Japan is currently suffering from economic stagnancy. In order to revitalize the economy effectively, the core problems of Japan and its economy need to be first identified.... more

Purpose - Once one of the most prominent economies in the world, Japan is currently suffering from economic stagnancy. In order 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, an extension of Porter’s original diamond model is used in order 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 due to 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 in order 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.
Keywords: Japan, Japanese economy, competitiveness, diamond model, double diamond model, globalization

This theory of economic development conceptualized the development process as a series of stages through which an economy passes as it moves towards maturity. Porter’s Global Competitive Advantage theory seeks feasibility in its possible... more

This theory of economic development conceptualized the development process as a series of stages through which an economy passes as it moves towards maturity. Porter’s Global Competitive Advantage theory seeks feasibility in its possible application to modern world economies through the advent of the reality of globalization—as may have possibly defined by the increasing interdependence and interconnectedness of economic systems and their respective regions. As a possible corollary to Rostow’s Modernization Theory of Economic Development, Porter also supports the inherent need for an economy to modernize—a process supported by a national commitment to development policies which promote domestic investment and industrialization.

Abenomics initially generated high expectations but it has more recently come to be seen as yet another failed economic experiment. In addition, discussion of Abenomics often verges on caricature. It is thus crucial to provide a critical... more

Abenomics initially generated high expectations but it has more recently come to be seen as yet another failed economic experiment. In addition, discussion of Abenomics often verges on caricature. It is thus crucial to provide a critical and balanced evaluation. We argue that, over the past five years, the proactive policies pursued under Abenomics played a decisive role in reversing one cause of the Japanese slowdown – inconsistent economic policies – and that they are now yielding preliminary results. We are more critical with regard to long-term issues: as the case of trade policy shows, the problem is not so much a lack of structural reform as limits to its ability to increase Japan's growth potential.

This report examines the influence of Abenomics, which is an economic strategy laid by Japanese Prime Minister Shinzo Abe during his second general election campaign in 2012. Although Japan currently holds the third biggest GDP in the... more

This report examines the influence of Abenomics, which is an economic strategy laid by Japanese Prime Minister Shinzo Abe during his second general election campaign in 2012. Although Japan currently holds the third biggest GDP in the world, the country’s economy has suffered from its deflation, inadequate aggregate demand and unstable government debt/GDP ratio – known as the country’s two lost decades. Abenomics seeks to solve these issues with its three main ”arrows” – fiscal stimulus, quantitative easing, and structural reforms. This report thus explores the impacts that each of these arrows of Abenomics has had on the Japanese economy.

Reporte final sobre el seminario internacional que abordó temas de política comercial de Japón, TPP, desarrollo económico y Abenomics

The December 2012 Lower House elections decreed the comeback to Japan’s political center-stage of Abe Shinzō, son of a former Foreign Minister, and grandson of controversial Prime Minister Kishi Nobusuke, a prominent player in both pre-... more

The December 2012 Lower House elections decreed the comeback to Japan’s political center-stage of Abe Shinzō, son of a former Foreign Minister, and grandson of controversial Prime Minister Kishi Nobusuke, a prominent player in both pre- and post-war Japan. Abe’s fascination for his maternal grandfather points at the importance of blood and pedigree in Japan as well as the marked importance of strong personality behind the Japanese government’s economic and foreign policy initiatives. This article highlights the role of personality in policy-making and the marked consistency and learning experience between the first and second Abe governments, respectively in 2006-2007 and 2012-2013 in particular. It highlights the role of deeply trusted “diplomatic brains” (gaikō burēn) or diplomatic éminence grise, such as Yachi Shōtarō, Nobukatsu Kanehara and, to a lesser extent, Okazaki Hisahiko, who share Abe’s worldviews and inferences on Japan’s foreign and security policy. It finds that in 2012 and 2013 Abe appointed the same core foreign policy team to key positions in Kantei and, subsequently, to the newly-created National Security Council. P.M. Abe has consistently prioritized the security and geo-political implications of China’s rise, with an ill-concealed belief that balancing strategies would also mollify Beijing’s posture vis-à-vis Japan. Apart from analyzing and discussing the results of these policies, the article posits that the insistence on the quantitative easing and neo-Keynesian measures of Abenomics point not only at Abe’s recognition of his personal failure as Prime Minister in 2006-2007, but also at the willingness to inflate the domestic economy vis-à-vis perceived Chinese coercive economic diplomacy against Japan. Abe’s strategy thus upgraded the China-Japan military and political standoff over the disputed Senkaku/Diaoyu Islands to an economic game of chicken as well.

Lý thuyết Keynes
Chính sách Abenomics - một chính sách theo trường phái Keynes điển hình
Thực tiễn và hiệu quả của Abenomics khi áp dụng vào Nhật Bản (2013 - Q3/2016)

Japan has experienced rapid growth during 1960-69, around 10.9%, whereas it started the development process from almost 'zero' after WWII. Since the independence of Bangladesh, the country has received a significant amount of contribution... more

Japan has experienced rapid growth during 1960-69, around 10.9%, whereas it started the development process from almost 'zero' after WWII. Since the independence of Bangladesh, the country has received a significant amount of contribution from Japan in various sectors. Japan is facing stagnation for over two decades. The economy started crippling with the collapse of stock and land prices in the mid-1980s through Bubble Economy. It slipped further due to the global financial crisis of 2008, which led to recession and deflation. For the last two decades, Bangladesh is also approaching a stable growth, around 6.5% per year, and has the ambition to achieve around 8% in the 8th five-year plan. Therefore, the study's main objective is to explore why Japan cannot increase its inflation rate at its expectable level and its way out and to find out what sorts of policy Bangladesh should take for avoiding the Japanese type of economic crisis. The study applied qualitative methodology depending on Desktop/Secondary source-based research where available documents were reviewed critically. The findings indicate that Japan had tried to raise inflation by 2% through three arrows which are popularly known as Abenomics which are quantitative and qualitative monetary easing (QQE), fiscal expansion and structural reform. This policy failed since it did not consider the context of Japan. With an increasingly ageing population and decreasing population growth rate, Japan has a unique and distinguished demographic structure that affects the supply and demand side of the economy. Therefore, Bangladesh should not adopt any economic policy without considering its very own unique characteristics.

Abstrak Kawasan Asia Timur pada masa kontemporer telah dikenal sebagai salah satu kawasan yang memiliki tingkat pembangunan dan perekonomian yang tinggi, salah satunya ialah Jepang. Keterbukaan Jepang saat ini sedikit banyak dipengaruhi... more

Abstrak Kawasan Asia Timur pada masa kontemporer telah dikenal sebagai salah satu kawasan yang memiliki tingkat pembangunan dan perekonomian yang tinggi, salah satunya ialah Jepang. Keterbukaan Jepang saat ini sedikit banyak dipengaruhi oleh keputusan dari Kaisar Meiji melalui Restorasi Meiji untuk kemudian membuka Jepang kepada dunia luar. Hal tersebut lalu menjadikan Jepang sebagai salah satu negara yang dapat melampaui keadaan negara kawasan lainnya. Namun kondisi ini berubah ketika 2011 Jepang mengalami Tsunami dan terjadi krisis global yang terjadi di Yunani, Eropa, dan Amerika Serikat. Pada tulisan ini akan dijelaskan mengenai Shinzo Abe salah satu Perdana Menteri yang berperan penting dalam perubahan sektor ekonomi domestik Jepang. Abe dalam hal ini membentuk kebijakan ekonomi yang kemudian dinamakan sebagai Abenomics, dimana kebijakan tersebut terbagi menjadi tiga elemen, yakni Fiscal Consolidation, Monetary Policy, dan Structural Reforms. Dalam pembahasan ini juga akan menganalisa terkait dengan pengaruh Abenomics dan konsep Welfare State.

This introductory article to the special issue on “Japanese Political Economy Revisited: Diverse Corporate Change, Institutional Transformation, and Abenomics” starts with a short summary of the changing perceptions of Japan’s political... more

This introductory article to the special issue on “Japanese Political Economy Revisited: Diverse Corporate Change, Institutional Transformation, and Abenomics” starts with a short summary of the changing perceptions of Japan’s political economy from its meteoric rise as worldwide leading model in the 1970s and 1980s to its demotion to a problem and reform case since the later 1990s. Based on this overview, it identifies some striking issue and open questions in this conventional view of Japan’s political economy as problem and the high expectations on Abenomics as Japan’s current economic reform programme. Then we discuss the articles of the special issue and their new contributions to a better understanding of the developments at the corporate level as well as institutional change and economic reforms at the macro level in the last two decades. Finally, this introductory article ends with a short outline of a new research programme and four central research questions about the Japanese political economy.

‘Abenomics’ has continued to attract the attention of both the national and international media and a broad range of scholars. There are different and contested views of Abenomics and its impact upon the Japanese economy. This article... more

‘Abenomics’ has continued to attract the attention of both the national and international media and a broad range of scholars. There are different and contested views of Abenomics and its impact upon the Japanese economy. This article argues that those more Keynesian-style remedies that form part of Abenomics have not been able to address Japan's longer-term problem of weak demand, especially in terms of private consumption. This is in large part due to the liberalising measures that also form part of Abenomics, and which are incompatible with the Keynesian remedies pursued. Whilst Abenomics has the potential (at least in the short-to-medium term) to improve the profitability of Japanese businesses, in the absence of a corresponding move to redistribute corporate wealth to labour, Abenomics also represents a hazard to future economic growth in Japan.