Jun 30

Past Event

Abenomics and Its Impact on the Asian Economy

Event Materials

Video

Highlights

  • Third Arrow of Abenomics

    Mireya Solis: The structural reform, the third arrow of Abenomics in Japan, will determine whether economic revitalization succeeds or not.

    Mireya Solís

  • Aging Population Japan's Biggest Economic Problem

    Naoyuki Yoshino, Asian Development Bank Institute: Many American economists talk about Japan's liquidity trap, but Japan's biggest economic problem is the aging population. Monetary policy cannot do anything about an aging population.

  • Will Japan's Abe Put Political Muscle Behind Economic Reforms?

    Eswar Prasad: There will be a pretty large political toll domestically for Japan to get its economy going. Will Prime Minister Abe really do whatever it takes?

    Eswar Prasad

Full Event

Audio

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Summary

When Prime Minister Shinzo Abe first announced his economic policy package that came to be known as Abenomics, observers felt it held the potential to lift Japan out of the economic slump it had been stuck in for the past two decades. In anticipation of the Abe administration’s imminent announcement of a revised growth strategy (the third arrow of Abenomics), there has been renewed interest in how Abenomics will address Japan’s future economic problems as well as those in the present, and how that will affect neighboring economies in Asia.

On June 30, the Center for East Asia Policy Studies hosted Dr. Naoyuki Yoshino, dean of the Asian Development Bank Institute and contributor to the revised growth strategy, for a presentation on the three arrows of Abenomics, the revised growth strategy and the current state of the Japanese economy. He also addressed Japan’s fiscal policy; structural reform in Japan, especially focusing on new financing methods of SMEs, the agricultural sector and venture businesses; Japan’s aging population; and the impact that Abenomics will have on the Asian economy.

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Event Agenda

Details

June 30, 2014

10:00 AM - 11:15 AM EDT

Brookings Institution

Falk Auditorium

1775 Massachusetts Avenue, N.W.

Map

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