Abenomics

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. 

Seismic cracks in Abenomics

Illustration: Emilio Rivera

Have the first - seismic - cracks begun to occur in Abenomics, Prime Minister Shinzo Abe's bold plan to reform and get Japan's economy moving again? The head of one of the country's most innovative companies thinks so and has threatened to quit Abe's key panel advising the government on economic reforms and may even sue the government.

Wednesday, 13 November, 2013, 3:17am

Toyota's sparkling earnings show snags in Abenomics

Toyota Motor reported a 70 per cent jump in profits last quarter as it got a boost from the yen weakening against the US dollar. Photo: AP

Toyota Motor's sparkling earnings show how Abenomics may be good for Japanese firms now, but perhaps a bust for investing in the country over the long term.

8 Nov 2013 - 1:46am

Bank of Japan struggling to meet inflation target, analysts say

Japan's Topix index is the best performer among 24 developed markets this year but trailed other bourses last month. Photo: Reuters

Half a year after Bank of Japan governor Haruhiko Kuroda unleashed record monetary easing, economists see the central bank failing to meet its inflation target, underscoring the case for stronger measures to revive the economy.

6 Nov 2013 - 5:31am

Japan signals durable recovery as government pursues 'Abenomics'

The recovery in capital spending is seen as a key in driving a sustained economic rebound and breaking 15 years of deflation. Photo: EPA

Japan took another step towards solidifying its economic recovery in August when core machinery orders rose more quickly than expected, providing a welcome sign of the capital spending seen as vital for achieving sustainable growth.

11 Oct 2013 - 3:51am

Plunge in Japan's current account surplus fuels debt worries

While a weakening yen has boosted the competitiveness of Japanese exporters, it has also pushed up import costs. Photo: EPA

The 63.7 per cent annual decline in the current account surplus was the biggest in almost two years and confounded the median analysts’ estimate of a 23.4 per cent annual increase as the income surplus, which includes earnings from overseas subsidies, fell for the first time in nine months.

9 Oct 2013 - 1:53am

Japan's Prime Minister Shinzo Abe to move ahead with economic reforms

Japanese Prime Minister Shinzo Abe and his spouse Akie Abe arrive for a group photo of Asia-Pacific Economic Cooperation (APEC) Summit. Photo: EPA

Japanese Prime Minister Shinzo Abe, struggling to extricate his country from two decades of stagnation, has pledged to move ahead with reforms he has promised as part of his "Abenomics" economic strategy.

8 Oct 2013 - 3:32am

Abe takes bold tax step towards cutting debt

The higher sales tax may deal a blow to consumer demand in Japan just as the world's third-largest economy is picking up. Photo: AP

Abe, riding a wave of popularity with economic policies that have begun to stir the world's third-biggest economy out of years of lethargy, said the government would raise the national sales tax to 8 per cent in April next year from 5 per cent.

2 Oct 2013 - 4:41am

Deflation fears ease in Japan as consumer prices rise

After years of deflation, Japan's consumer prices are rising again. Photo: AFP

Japan's core consumer inflation hit its highest level in nearly five years last month, while prices of personal electronics rose for the first time since 1992 - signs that the country may be emerging from 15 years of deflation.

28 Sep 2013 - 1:54am

Abenomics encourages Japanese firms to invest - abroad

Mazda, which operates this joint-venture factory in Thailand, has announced a US$262 million plan to expand in the country. Photo: Reuters

Japanese Prime Minister Shinzo Abe got an early sign of how his blueprint to revive Japan’s industrial vim and economic vigour was working when two of his country’s biggest car makers unveiled US$900 million worth of investments to boost production.

26 Sep 2013 - 12:20pm

Japan’s bulls go for a run as valuations tumble

Foreigners who think 'Abenomics' will revive Japan's economy are pouring money into its stock market. Photo: Reuters

Japanese shares are getting cheaper faster than any developed market as global investors regain faith in the world's third-largest economy, with valuations declining even as the benchmark Topix index rallies.

10 Sep 2013 - 4:10am

Japan PM vows to pursue growth, fiscal plan at G20, no word on sales tax

A failure to raise sales tax could Japan’s fiscal consolidation scheme. Photo: Reuters

Japanese Prime Minister Shinzo Abe told the Group of 20 summit that Tokyo aims to achieve both economic growth and fiscal reforms with his pro-growth policy agenda, but steered clear of a pending decision on a planned sales tax hike.

6 Sep 2013 - 11:36am

Olympics-Tokyo’s bid a high-stakes gamble for Japan PM, Abenomics

Success in Japan’s bid for the 2020 Summer Olympics could boost support for Japanese Prime Minister Shinzo Abe, and embolden him to push ahead with structural reforms. Photo: EPA

Tokyo’s bid for the 2020 summer Olympics is not just a matter of pride for the Japanese capital. It’s a high-stakes gamble for Prime Minister Shinzo Abe, who has put his prestige on the line.

6 Sep 2013 - 11:20am

Japan’s shrinking shinkin Small banks left behind by Abenomics

The policy mix of massive monetary easing, fiscal stimulus and growth-orientated reforms pursued by Prime Minister Shinzo Abe has helped revive the banking system, but smaller players in more remote parts of the country say they have yet to benefit. Photo: AFP

First the commercial fisheries began shutting down in this hardscrabble corner of Japan’s northern coast. Then tourism fizzled.

6 Sep 2013 - 10:25am

BOJ maintains stimulus, says economy recovering

Japan’s central bank is expected to maintain its massive stimulus launched in April, which will see it nearly double the monetary base to 270 trillion yen (HK$21.0 trillion) by the end of next year. Photo: Reuters

The Bank of Japan declared the world’s third-largest economy is recovering as it voted on Thursday to maintain its monetary stimulus, offering a more upbeat view than last month on growing signs the benefits of its expansionary policy are broadening.

5 Sep 2013 - 1:23pm

Weaker yen sees Japan exports hit 3-year high

Toyota Motor benefited from a weak yen and a pickup in overseas demand, helping to fuel a surge in Japanese exports. Photo: Bloomberg

Japanese exports rose last month at the fastest annual pace in nearly three years as the benefits of a weak yen finally started to take hold, and brisk sales of cars and electronics to the United States, Asia and Europe showed a recovery in overseas demand.

20 Aug 2013 - 4:56am