Since coming to power in late 2012, Prime Minister Shinzo Abe and his government unveiled a comprehensive policy package to revive the Japanese economy from two decades of deflation, all while maintaining fiscal discipline. This program became known as Abenomics.
Abenomics keeps boosting Japan’s economy
493 JPY tn > 554 JPY tn
Number of Employed
62.8 mn (26.6 mn)
> 66.6 mn (29.5 mn)
Corporate Pre-tax Profit
39.7 JPY tn > 81.0 JPY tnRecord high
4.5 % > 2.4 %
71.9 JPY tn > 89.9 JPY tn
42.3 JPY tn > 59.1 JPY tn
How Abenomics Works
The greatest structural issue facing the Japanese economy is the aging of society and shrinking of the population. However, we see this challenge as an opportunity.
Demographic change is a social challenge that will soon be shared by most developed countries. Japan is committed to achieving sustainable growth and becoming a pioneer in the establishment of a new social model. We call this Society 5.0, Japan’s vision for the next step in human evolution.
Goal 2: Realizing Society 5.0
Solve social problems by utilizing Japan’s vast volume of real data in tandem with cutting-edge industrial technologies.
Society 5.0 is Japan’s vision for the next step in human evolution after hunter-gather, agrarian, industrial and information society stages. It will enhance industrial competitiveness and help with the establishment of a society more attuned to individual needs. The focus is on the vast potential of accumulating data, and new technologies of the fourth industrial revolution, in order to find solutions to social issues such as the declining birth rate, an aging population, and environmental and energy issues.