Corporate Program

Making Real a Growth Strategy for Japan – and Lessons for the U.S. and Europe

The Abe administration has undertaken a combination of robust fiscal and monetary policies with structural reforms to break the Japanese economy out of its decades-long deflation. Since April, 2013, the Bank of Japan (BOJ) has engaged in aggressive asset purchases with the objective of reaching 2% inflation in two years; the Abe government has raised the consumption tax while making other fiscal adjustments; the number of women participating in the Japanese workforce has been raised by half a million. What implications does this economic program have for Japan’s growth and debt sustainability in the years to come? What does it mean for Japan’s role in Asia and US-Japan relations?  In this program, Adam S. Posen, the President of the Peterson Institute of Economics, assesses the direct impact and global economic implications of Abenomics.
Adam Posen
, President, Peterson Institute for International Economics

Paul Sheard
, Executive Managing Director, Chief Global Economist and Head of Global Economics and Research, Standard & Poor’s Ratings Services

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