Did Abenomics Succeed?

*The articles in this journal can be purchased at Wiley Online Library.

Summary of this issue

　It has been 5 years since prime minister Abe introduced his economic policy “Abenomics” to lift out Japanese economy from a depressed situation and achieve its revitalization. Abenomics consists of three components: aggressive monetary policy, flexible fiscal policy and a growth strategy. This issue provides rigorous assessment of various aspects of Abenomics.

Articles in this issue

Editors’ Overview
　Takatoshi ITO (Columbia University)
　Kazumasa IWATA (Japan Center for Economic Research)
　Colin MCKENZIE (Keio University)
　Shujiro URATA (Waseda University)

Why Has Japan Failed to Escape from Deflation?
　Kota WATANABE (Canon Institute for Global Studies(CIGS))
　Tsutomu WATANABE (University of Tokyo)

Is Abe’s Fiscal Policy Ricardian? What Does the Fiscal Theory of Prices Mean for Japan?
　Takero DOI (Keio University)

Has Abe’s Womanomics Worked?
　Nobuko NAGASE (Ochanomizu University)

Abenomics and Japan’s Trade Policy in a New Era
　Mireya SOLIS (Brookings Institution)
　Shujiro URATA (Waseda University)

Political Economy of Agricultural Reform in Japan under Abe’s Administration
　Masayoshi HONMA (Seinan Gakuin University)
　Aurelia GEORGE MULGAN (University of New South Wales)

Has Abenomics Succeeded in Raising Japan’s Inward Foreign Direct Investment?
　Takeo HOSHI (Stanford University)