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Abenomics Sputters in Japan
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This WSJ editorial is pessimistic about the prospects for Abenomics without the actions needed for structural economic reform. Japan is in a recession after two successive quarters of declining growth by the end of 2015. It gives credit to prime minister Abe for encouraging companies to add more independent directors to the boards and pushing for improving corporate governance, but finds other actions lacking. The low unemployment rate is seen as concealing the problem of two tier labor market with most of the recent job growth coming from temporary workers, and the total number of worked hours actually declining. The 30% decline in the yen has not boosted the economy as much as expected because it also means decline in consumer spending power, and Japanese companies continue to move jobs overseas. It cites a Nikkei poll showing only 25% of the Japanese public now see Abenomics as improving the condition of the economy. The declining growth in China is also playing a part in slowing growth in Japan, adding more headwinds for Abenomics in 2016.
An optimistic view of prospects for Abenomics in Nov. 2014, followed by a recession in 2015
11/20/2014
Grouped Articles
Nevermind Japan’s Recession Talk. Abenomics Is Working
Wall Street Journal 11/20/2014
With Bad Economic News for Japan, Abe’s Magic Seems to Evaporate
New York Times 11/20/2014
Abe Backing Lukewarm, Even in Toyota’s Town
Wall Street Journal 12/11/2014
Wall Street Journal 11/17/2015
Japan’s Economy Feels the Sting of China’s Slowdown
New York Times 11/16/2015
Japanese prime minister Abe's "Three Arrows" program
02/11/2013
Grouped Articles
The Right Target for Japan's Third Arrow
Wall Street Journal 06/24/2013
Now Comes the Hard Part for Abenomics
Wall Street Journal 07/22/2013
Japanese Prime Minister's Support Tops 70%
Wall Street Journal 02/11/2013
Shinzo Abe's 'Third Arrow' Seeks a Hard Target in Japan
Wall Street Journal 06/24/2014
Abe Unveils Japan's New Growth Strategy
Wall Street Journal 06/25/2014
Shinzo Abe’s Bid to Shake Up Corporate Japan
New York Times 06/24/2014
Kozo Yamamoto and the decision by prime minister Abe to delay a second increase in the consumption tax to 2017
11/20/2014
Kozo Yamamoto is Cornell University graduate who joined Japan's Finance Ministry in 1971 and is serving his 6th term in Japan's parliament. He became close to Abe after 2011 and convinced Abe that Japan needed reflationist policies to return to growth. He passed on his study group's advice to delay the second consuption tax increase from 8 to 10% from 2015 to 2017, by which time said Yamamoto Japan will have reached the 2% inflation target.
Grouped Articles
Japan’s No. 1 Reflationist Does a Victory Dance
Wall Street Journal 11/20/2014
With Bad Economic News for Japan, Abe’s Magic Seems to Evaporate
New York Times 11/20/2014
There’s No Recession at Japan Inc.
Wall Street Journal 11/28/2014
Abe Backing Lukewarm, Even in Toyota’s Town
Wall Street Journal 12/11/2014
Japan’s Abe Secures Landslide Election Win
Wall Street Journal 12/16/2014
Japan’s Economy Expands, but Less Than Expected
New York Times 02/15/2015
Japan's snap election in December 2014 on Abenomics and a strategy to fight deflation
11/18/2014
Prime minister Abe overrules the Finance Ministry by delaying an increase in the consumption tax fom 8 to 10% in 2015. He calls a snap election for 2015. This WSJ editorial says Japan has tried the Finance Ministry's ideas for fiscal spending increases coupled with tax increases without success in fighting deflation, prime minister Abe now needs to get the third arrow of structural reform right and take supply side actions.
Grouped Articles
Wall Street Journal 11/18/2014
Calling Early Elections in Japan, Abe Rolls the Dice on the Economy
New York Times 11/18/2014
A Sudden Schism Between Shinzo Abe and the Bank of Japan Governor
New York Times 11/19/2014
Japan’s No. 1 Reflationist Does a Victory Dance
Wall Street Journal 11/20/2014
Nevermind Japan’s Recession Talk. Abenomics Is Working
Wall Street Journal 11/20/2014
With Bad Economic News for Japan, Abe’s Magic Seems to Evaporate
New York Times 11/20/2014
Corporate governance in Japan 2014-2015 and the Third Arrow of prime minister Abe
06/29/2014
Grouped Articles
Japan Seeks to Lure Investors With Improved Corporate Governance
Wall Street Journal 06/29/2014
Wall Street Journal 11/17/2015
7-Eleven CEO Resigns as Loeb’s Hedge Fund Prevails in Japan Boardroom Fight
Wall Street Journal 04/08/2016
The Shinzo Abe administration and efforts to come up with an effective growth strategy for Japan
02/11/2013
Grouped Articles
In Japan, a Growth Strategy With Echoes of the Past
New York Times 06/12/2013
In Quest for Japan's Revival, Abe Secures His Own Comeback
Wall Street Journal 07/22/2013
Now Comes the Hard Part for Abenomics
Wall Street Journal 07/22/2013
Japan's Economy Shows Renewed Strength
Wall Street Journal 01/31/2014
Japanese Prime Minister's Support Tops 70%
Wall Street Journal 02/11/2013
Abe Unveils Japan's New Growth Strategy
Wall Street Journal 06/25/2014
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