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Japan
Report

Japan

Country Report; March 2014

EIU, 2014

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Editorial Rating

7

Qualities

  • Analytical
  • Scientific
  • Background

Recommendation

According to a Japanese fable, three arrows bound together can’t break. That symbolism explains Abenomics, the radical economic triad of fiscal stimulus, monetary easing and structural reforms that Japanese prime minister Shinzō Abe has undertaken. This Economist Intelligence Unit report on Japan concludes that, despite Abenomics’s initial boost, an aging population, ultrahigh government debt and rising consumer taxes mean economic growth will fall well short of the mark up to 2018. getAbstract recommends this concise report for its depth of knowledge and scope of vision into Japan’s economic and political future.

Take-Aways

  • Secure in office until at least 2016, Prime Minister Shinzō Abe is seeking to beef up Japan’s defense and intelligence capabilities, resume its nuclear energy production, and handle its fraught foreign relations with China over the Senkaku Islands.
  • Serious underlying economic problems may confound Abenomics – Abe’s radical triad of fiscal stimulus, monetary easing and structural reforms.
  • Japan has the highest ratio of debt to GDP among the developed nations, and this will worsen over the next several years, as the Japanese workforce shrinks. Economic growth will require productivity gains.

About the Author

The Economist Intelligence Unit is an independent research and analysis organization.


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