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.
Abenomics keeps boosting Japan’s economy
493 JPY tn551 JPY tnRecord high
Number of Employed
62.7 mn (26.6 mn)65.2 mn (28.6 mn)
48.5 JPY tn75.0 JPY tnRecord high
4.5 %2.4 %Lowest in the past 24 years
71.9 JPY tn83.6 JPY tn
42.3 JPY tn57.7 JPY tn
How Abenomics Works
The greatest structural issue facing the Japanese economy is the rapidly progressing aging society and a shrinking population, yet we see this challenge as an opportunity.
Demographic change is actually a social challenge that will soon be shared by most developed countries. Japan will commit to become a pioneer in establishing a social model for other countries that will inevitably experience similar social situations in the coming years.
Boosting productivity through “Supply System Innovation” and “Human Resources Development Revolution” are the keys to keeping the virtuous economic cycle going.