Japan Forfeits 30 Years to the Gyrations of the Yen
Author: Tsuchiya Hideo
Categories: In-Depth with Nippon.com
What was once called Japan’s lost decade has now persisted for much longer than 10 years. Despite hopes that the policies of Abenomics would generate a virtuous circle of recovery, turmoil overtook the world economy before they could do so. The yen appreciated, stock prices fell, and it does not seem likely that the negative interest rate of the Bank of Japan will resuscitate the economy.
Tags: Abenomics, Bank of Japan, black monday, BOJ, currency, deflation, dollar, domestic, Economy, exchange, exchange rate, exports, fiscal policy, industry, inflation, interest rates, Japan, lending, moetary policy, money, nippon.com, public works spending, Shinzo Abe, stock, stock prices, strong yen, yen
Reading Between the Lines of Abenomics 2.0
Author: Hayakawa Hideo
Categories: In-Depth with Nippon.com
Prime Minister Abe’s announcement of three new arrows to guide stage two of Abenomics took the nation by surprise. It signals a recognition that the first three arrows are not working, writes former BOJ Executive Director Hayakawa Hideo, and forebodes a major shift in monetary policy.
Tags: Abe, Abenomics, abenomics 2.0, approval ratings, birth rate, cpi, debt, deflation, Economy, elder care, fertility rate, fiscal policy, GDP, growth rate, inflation, investment, Japan, LDP, monetary policy, money, quantitative easing, Shinzo Abe, social security, work-life balance