Japan's Growth Strategy and Structural Reforms in its Labor Market
Kim, Gyu-Pan | April 2016
Abstract
The recently wide-spreading disappointment at 'Abenomics,' following the meager outcomes of its first arrow, quantitative easing (QE), drew attention to the third arrow, a comprehensive growth strategy focusing on structural reforms in Japan. In other words, although the Abe Cabinet has steered its economic policies toward monetary expansion since April 2013, which further developed into a Negative Interest Rates Policy (NIRP) on February 2016, their impacts on the real sectors, particularly on private investment and consumption, have been utterly trivial. Furthermore, the second arrow of Abenomics, fiscal stimulus, has reached an impasse due to a huge fiscal deficit mainly resulting from low fertility rates and population ageing.
Citation
Kim, Gyu-Pan. 2016. Japan's Growth Strategy and Structural Reforms in its Labor Market. © Korea Institute for International Economic Policy. http://hdl.handle.net/11540/10541.Keywords
Tourism Development
Development Strategies
Economic Trends
Economic Impact
Economic Incentives
Development Planning
Development Research
Technology Development
Aid And Development
Asian Development Bank
Comprehensive Development Framework
Development Cooperation
Development Management
Development Planning
Development Strategies
Development Research
Green revolution
Employment
Development strategy
Development models
Economic development
New technology
Rural planning
Aid coordination
Industrial projects
Infrastructure projects
Natural resources policy
Educational development
Absorptive capacity
Tourism policy
Development strategy
Green jobs
Green technology
Rural planning
Regional development bank
Project finance
Strategic planning
Infrastructure projects
Government programs
Public finance
Public enterprises
Development
Economics
Development In East Asia
Development Planning
Development Research
Technology Development
Aid And Development
Asian Development Bank
Comprehensive Development Framework
Development Cooperation
Development Management
Development Planning
Development Strategies
Development strategy
Development models
Economic development
New technology
Rural planning
Aid coordination
Industrial projects
Infrastructure projects
Natural resources policy
Educational development
Absorptive capacity
Economic development projects
Economic forecasting
Economic development projects
Municipal government
Technology transfer
Exchanges of patents and technical information
Technical education
Technology
Communication in rural development
Communication in community development
Economic development projects
Development banks
Economic forecasting
Environmental auditing
Cumulative effects assessment
Human rights and globalization
Transfer Technocracy
Real estate development
Central planning
City planning
Civic improvement
Urban renewal
Urban beautification
Urban transportation
Zoning
Hotels
Industry
Land Acquisition
Labor and globalization
Manpower policy
Labor policy
Rural manpower policy
Career academies
Professional education
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