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ABENOMICS

For future growth, for future generations, and for a future Japan.

“I will break down any and all walls looming ahead of the Japanese economy and map out a new trajectory for growth.
This is precisely the mission of Abenomics.”
―Prime Minister Abe Shinzo

Updated in September 2019

  • 1 Innovation in Societal Structures
  • 2 Diversity & Empowerment of People
  • 3 Smart Regulations & Laws
  • 4 Attractive International Opportunities
  • 5 More Competitive Business

About Abenomics

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

2012 vs Latest

  • Nominal GDP

    64.7JPY tn (599 USD bn)

    493 JPY tn
    (4565 USD bn)
    >558 JPY tn
    (5164 USD bn)

    Record high
  • Number of Employed Persons (Female)

    3.8mn (2.9mn)

    62.8 mn
    (26.6 mn)
    >66.6 mn
    (29.5 mn)

    Record high
  • Corporate Pre-Tax Profit

    41.3JPY tn (382 USD bn)

    39.7 JPY tn
    (368 USD bn)
    >81.0 JPY tn
    (750 USD bn)

    Record high
  • Unemployment Rate

    2.4%

    4.3 % > 2.4 %

  • Private Non-Residential Investment

    18.0JPY tn (167 USD bn)

    71.9 JPY tn
    (665 USD bn)
    >89.9 JPY tn
    (832 USD bn)

  • Tax Revenue

    20.1JPY tn (187 USD bn)

    42.3 JPY tn
    (392 USD bn)
    >62.5 JPY tn
    (579 USD bn)

    Record high
  • Nominal GDP
  • Number of Employed Persons (female)
  • Corporate Pre-tax Profit
  • Unemployment Rate
  • Private Non-Residential Investment
  • Tax Revenue

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 1: Achieving Sustainable Growth

Goal 1: Achieving Sustainable Growth

Implement comprehensive reform to accelerate an economic virtuous cycle, which will help grow GDP to 600 trillion yen.

How Abenomics Works
  • Innovation in Societal Structures
  • Diversity & Empowerment of People
  • Smart Regulations & Laws
  • Attractive International Opportunities
  • More Competitive Business

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.

Goal 2: Realizing Society 5.0

Goal 2: Realizing Society 5.0

Japan’s vision for the next stage of our evolution is Society 5.0, in which technology is harnessed to create a new social contract and economic model. With the help of robotics, AI, IoT, and big data we can improve not only business but also our daily life. As new technology eases administrative burden and knowledge selection, and enhances creativity, we can discover solutions to complex social issues, such as declining birth rates, aging populations, and the changing environment.

Society 5.0Society 5.0

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