Setting the economy on course to overcome deflation and make a steady recovery with the Three Arrows
In early 2013, after two decades of economic stagnation, Prime Minister Shinzo Abe unveiled a comprehensive economic policy package to sustainably revive the Japanese economy while maintaining fiscal discipline.
This program became known as Abenomics.
The centerpiece of Abenomics has been the three “policy arrows” targeted at aggressive monetary policy, flexible fiscal policy and growth strategy including structural reform.
Since then, Abenomics has achieved remarkable progress.
• Real GDP grew from 520 to 529 trillion yen between the fiscal years of 2012 and 2015
• Annual corporate ordinary profits increased by 20 trillion yen between the fiscal years of 2012 and 2015
• Unemployment level declined from 4.3% to 3.4% between 2012 and 2015
• Core CPI improved from -0.6% in 2012 to 1.0% in 2015
The Latest Material on Abenomics
This document offers the latest on the reforms being implemented to reach a GDP of 600 trillion yen, including work style reform to raise productivity and increase the workforce in the midst of demographic changes.
1. BOOST PRODUCTIVITY
2. DRIVE INNOVATION AND TRADE
3. ENERGIZE CORPORATE ACTIVITIES
What's New on Abenomics
Speeches and Statements on Abenomics by the Prime Minister