Abenomics describes the plans of Japanese Prime Minister Shinzo Abe to revive growth in the world’s third largest economy, which is struggling to find traction under the impact of a strong yen and stubborn deflation. 

Bank of Japan chief needs to take country's reforms to next level

Shinzo Abe's name graces Abenomics but it appears to be Bank of Japan chife Haruhiko Kuroda who does the heavy lifting. Photo: AFP

Let's dispense with all this "Abenomics" stuff. Until Prime Minister Shinzo Abe serves up even just one of the epochal reforms he promised 15 months ago, Japan's drive to end deflation and restore growth should bear the name of the man doing all the heavy lifting and taking all the risks: central bank governor Haruhiko Kuroda.

Wednesday, 26 March, 2014, 6:34am

Politics undermining Japan's economic rejuvenation

Shinzo Abe

After two "lost decades", Japan began its bold but risky reforms a year ago. The new governor of the Bank of Japan, Haruhiko Kuroda, pledged to do "whatever it takes" to achieve the 2 per cent inflation target, seeking to double the monetary base by the end of this year.

24 Mar 2014 - 3:33am 2 comments

Casino operators to boost Japan's lacklustre loan sector

Casino operators to boost Japan's lacklustre loan sector

Deal-savvy casino operators are in fine shape even if Japanese consumers are increasingly doubtful about the benefits of Abenomics. The likely site of the next lavish casino complex in the cash-rich nation has been on the minds of bankers ever since a consortium of foreign casino operators announced their interest to compete in the maiden market.

17 Mar 2014 - 2:40am

Pay rises at Japan’s top firms will be blunted by rise in sales tax

Big firms may raise base pay for their workers but then put pressure on suppliers to cut costs, forcing them to keep their workers' wages in check. Photo: AFP

Big Japanese companies such as Toyota Motor will offer the most generous pay raises in years on Wednesday, but workers will still struggle to offset a sales tax increase next month, highlighting the difficulties the government is facing in overcoming entrenched deflation.

12 Mar 2014 - 3:28pm

Lower economic growth and record deficit in Japan pressure Abenomics

Japan's GDP grew an annualised 0.7 per cent from the previous quarter, less than an initial estimate of 1 per cent. Photo: Bloomberg

Japan's economy expanded less than estimated in the fourth quarter and the current-account deficit widened to a record in January, highlighting risks to Abenomics as an increase in sales tax looms.

11 Mar 2014 - 5:14pm

Abe, Park and Xi Jinping display good economics in East Asia, but questionable politics

South Korea's President Park Geun-Hye

After all the recent hoopla about Abenomics in Japan and China's reform under Xi Jinping, South Korea's Park Geun-hye becomes the latest to join the Asian reform club.

4 Mar 2014 - 4:32am 1 comment

Japan economy expands 1.6 per cent in 2013, but growth slows in last quarter

Japan's economy expanded 1.6 per cent last year.

Japan's economy logged its best performance in three years as Prime Minister Shinzo Abe's growth blitz drove the expansion, but weak second-half data and a sales tax rise scheduled for April are expected to dampen hopes for a firm recovery.

18 Feb 2014 - 2:28am

Japanese unions gearing for rare showdown over pay rises

Toyota has posted huge profits on the back of sharply weaker yen since Prime Minister Shinzo Abe swept to power in late 2012.

Japan's unions have started demanding wage rises from cash-rich firms as annual pay talks get under way, setting up a rare showdown after years of drama-free labour relations.

17 Feb 2014 - 5:58am 1 comment

Japan's huge public debt not seen falling until 2018

Japanese stocks have risen from their lows amid the revival push.

Japan, the world's most indebted economy after Greece, could see its vast public debt begin falling in five years with two rounds of consumption tax rises and faster economic growth, the International Monetary Fund said.

17 Feb 2014 - 5:33am

From Abenomics to Abegeddon: How will shrine visit affect Japan’s economy?

Japanese Prime Minister Shinzo Abe applauds during a ceremony marking the last session of the year 2013 at the Tokyo Stock Exchange in Tokyo Monday, Dec. 30, 2013.  Photo: AP

Until Christmas, Shinzo Abe’s eponymous Abenomics programme to rescue Japan from decades of deflation and low growth was an important success, according to most economic commentators, among them the International Monetary Fund and investors on the Tokyo stock market.

31 Dec 2013 - 6:24pm 10 comments

Abenomics short on real reforms after one year

Japanese Prime Minister Shinzo Abe has targeted real growth of 2 per cent per year, more than double the rate the country has seen in recent decades. Photo: AFP

One year into Prime Minister Shinzo Abe's economic revival plan, the message from Japan's industrial heartland and economists is clear: he has yet to act on his pledge to stage the nation's comeback as a global economic dynamo.

17 Dec 2013 - 3:55am

Large businesses cut capital spending forecasts

Large businesses cut capital spending forecasts

Large Japanese businesses have pared their projections for capital spending this fiscal year, signalling challenges for Abenomics as a sales tax looms in April.

17 Dec 2013 - 3:55am

US can learn from Japan's Abenomics to save itself from secular stagnation

Shinzo Abe took a brave step to lift Japan's economy. Photo: AFP

Is the US economy adrift in the doldrums? Lawrence Summers, perhaps America's most inventive applied economist, thinks so. Speaking at an IMF forum last month, he described the United States' condition as "secular stagnation", in which it is stuck in a rut of weak demand, low growth, and low employment.

4 Dec 2013 - 6:31am

Japan's rising inflation and output a boost for Abenomics

Japan's jobs-to-applicants ratio rose to an unexpected 0.98, which means nearly one job exists for each job seeker. Photo: Bloomberg

Consumer inflation in Japan accelerated to a five-year high last month and a narrower price measure increased at its fastest pace in 15 years, more evidence that Prime Minister Shinzo Abe's aggressive policies are forging an escape from deflation.

30 Nov 2013 - 7:13am

For reforms to cut through hype, start with graft fix

Xi Jinping (above) must back up his words with actions, which Shinzo Abe has yet to achieve.

The world appeared to change on November 15, the day bold and epochal reforms were unveiled that promised to overhaul one of the world's biggest economies. Analysts, investors and historians alike rejoiced at the audacity of the plan.

20 Nov 2013 - 2:55am 2 comments