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Abenomics: from the “Great Stagnation” to the “Three-Arrows Strategy” Cover

Abenomics: from the “Great Stagnation” to the “Three-Arrows Strategy”

International Journal of Management and Economics
Volume 55 (2019): Issue 3 (September 2019)
By: Jerzy Grabowiecki  
Open Access
|Sep 2019

Figures & Tables

Figure 1

Trends in the real GDP growth rate in Japan (%).Source:Fukao et al. [2015, p. 15].
Trends in the real GDP growth rate in Japan (%).Source:Fukao et al. [2015, p. 15].

Figure 2

The ratio of the elderly population in major countries (%).Note: The elderly population (aged 65 or over) divided by the productive population (age 15–64).Source: [UN, DESA].
The ratio of the elderly population in major countries (%).Note: The elderly population (aged 65 or over) divided by the productive population (age 15–64).Source: [UN, DESA].

Figure 3

“Three-Arrows Strategy.”Source: MUFG [2018, p. 5].
“Three-Arrows Strategy.”Source: MUFG [2018, p. 5].

Figure 4

QQE system in Japan.Source: MUFG [2018, p. 7].
QQE system in Japan.Source: MUFG [2018, p. 7].

Figure 5

Tankan index for industrial companies.Source: Own elaboration on the basis of [Bank of Japan].
Tankan index for industrial companies.Source: Own elaboration on the basis of [Bank of Japan].

Figure 6

Tankan index for non-industrial companies.Source: Own elaboration on the basis of [Bank of Japan].
Tankan index for non-industrial companies.Source: Own elaboration on the basis of [Bank of Japan].

Figure 7

General government gross debt by country (% of nominal GDP).Source: IMF [2018a].
General government gross debt by country (% of nominal GDP).Source: IMF [2018a].

Figure 8

Projected effects of trade liberalization on real GDP (%).Note: FTAAP denotes free trade area of the Asia-Pacific.Source:MUFG [2018, p. 32].
Projected effects of trade liberalization on real GDP (%).Note: FTAAP denotes free trade area of the Asia-Pacific.Source:MUFG [2018, p. 32].

Japan: selected indicators, 2012–2017

YearReal GDP (in % change)Output gap (in % change)Business investment (in % change)CPI deflator (in annual average)Unemployment rate (in annual average)
20121.5−3.74.1−0.14.3
20132.0−2.23.70.34.0
20140.4−2.65.42.83.6
20151.4−2.03.40.83.4
20161.0−1.80.6−0.13.1
20171.7−0.72.90.52.9
DOI: https://doi.org/10.2478/ijme-2019-0018 | Journal eISSN: 2543-5361 | Journal ISSN: 2299-9701
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Language: English
Page range: 201 - 211
Submitted on: May 12, 2019
Accepted on: Jul 12, 2019
Published on: Sep 30, 2019
Published by: Warsaw School of Economics
In partnership with: Paradigm Publishing Services
Publication frequency: 4 issues per year
Keywords:
Abenomics,
deflation,
stagnation,
monetary policy,
fiscal policy,
economic growth
Related subjects:
Business and economics,
Political economics,
Economic theory, systems and structures,
Business management,
Management accounting, financial controlling, cost calculation, investment

© 2019 Jerzy Grabowiecki, published by Warsaw School of Economics
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

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