Japan’s economic stagnation and Abenomics

The Japanese economy has been persistently sluggish over the past three decades, following the bursting of the 1980s economic bubble. The country seems to have been caught in economic and financial stagnation, incapable of reviving its growth and competitiveness. To deal with this situation, the Abe administration has implemented bold monetary and other policies as part of its so called ‘Abenomics’ strategy, but economic growth remains subdued.

In this seminar, Professor Kenji Aramaki discussed the main reasons for Japan’s long-term stagnation and analyse the most prominent limitations of the ‘Abenomics’ policies. Professor Sébastien Lechevalier then revealed the main challenges still faced by Japan on the productivity front, and provided a set of policy recommendations that could aid growth.