About Abenomics
Since coming to power in late 2012, Prime Minister ABE Shinzo 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 strives for boosting Japan’s economy
2012 vs Latest
-
Nominal GDP
48.4 JPY tn (451 USD bn)
498 JPY tn
(4645 USD bn)>547 JPY tn
(5096 USD bn) -
Number of Employed Persons (Female)
4.4 mn (3.3mn)
62.8 mn
Record high
(26.6 mn)>67.2 mn
(29.9 mn) -
Corporate Pre-Tax Profit
42.1 JPY tn (385 USD bn)
39.7 JPY tn
Record high
(363 USD bn)>81.8 JPY tn
(748 USD bn) -
Unemployment Rate
2.4 %
4.3 % > 2.4 %
-
Private Non-Residential Investment
16.2 JPY tn (151 USD bn)
71.9 JPY tn
(670 USD bn)>88.0 JPY tn
(820 USD bn) -
Tax Revenue
16.2 JPY tn (149 USD bn)
43.9 JPY tn
(402 USD bn)>60.2 JPY tn
(550 USD bn)
What Abenomics Strives For
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
Implement comprehensive reform to accelerate an economic virtuous cycle, which will help grow GDP to 600 trillion yen by 2020.
