Original article
Microeconomics
The economic policy of the Japanese government, known as „Abenomics“
Takashi Koizumi - извънреден и пълномощен посланик на Япония
Received: 17 Aug 2022
Revised:
Published:
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Issue 3/2015
JEL
А10
DOI https://doi.org/10.56497/etj1560305
Abstract
As is well known, over the past 20 years or so, the Japanese economy has been in a process of prolonged deflation. Since 1994, the annual consumer price index has been higher than 1% only in 1997 and 2008. This prolonged deflation has led to a stagnation in the activities of firms, as well as a restraint from capital and new investment. In addition, wages did not increase for a prolonged period. The rate of economic growth was stagnant.
