In Search of New Economic Path of Japan in the Post-Global Financial Crisis

6 Pages Posted: 15 Oct 2013 Last revised: 6 Apr 2017

See all articles by Sung Chun Jung

Sung Chun Jung

Korea Institute for International Economic Policy

Gyupan Kim

Korea Institute for International Economic Policy

Hyong-Kun Lee

Korea Institute for International Economic Policy

Eunji Kim

Korea Institute for International Economic Policy

Woo-Kwang Lee

Korea-Japan Cooperation Foundation for Industry and Technology

Date Written: September 27, 2013

Abstract

Since the global financial crisis, the Japanese economy once again dipped into an economic downturn. The Abe administration, which was inaugurated in December 2012, pursued Abenomics in an effort to get the economy out of deflation. However, it is still uncertain whether such efforts will produce noticeable results. This paper examines Japan’s economic policies in the following five areas, namely, (1) enhancement of international competitiveness in manufacturing; (2) fostering of new industries for strengthening domestic demand; (3) securing sustainability for governmental finances and social security; (4) proactive liberalization of trade and investment; and (5) establishing new energy strategy for building new energy supply structure. Based on such examination, this paper discusses the policy implications for Korea.

Keywords: global financial crisis, Japanese economy, Japanese government policy

Suggested Citation

Jung, Sung Chun and Kim, Gyupan and Lee, Hyong-Kun and Kim, Eunji and Lee, Woo-Kwang, In Search of New Economic Path of Japan in the Post-Global Financial Crisis (September 27, 2013). KIEP Research Paper. World Economy Update 13-43. Available at SSRN: https://ssrn.com/abstract=2335832 or http://dx.doi.org/10.2139/ssrn.2335832

Sung Chun Jung (Contact Author)

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Gyupan Kim

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Hyong-Kun Lee

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Eunji Kim

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Woo-Kwang Lee

Korea-Japan Cooperation Foundation for Industry and Technology ( email )

Sulleungro 131 gil 18-4
Gangnam-gu
Seoul 135-821
Korea, Republic of (South Korea)

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