Since becoming Prime Minister for the second time in December 2012, Shinzo Abe has been rigorously pursuing a set of policies aimed at fostering economic growth inJapan. So far, “Abenomics” has been successful. A wide range of indicators show that the Japanese economy has been recovering, while the Nikkei Stock Average rose 60% last year.
Will Abenomics continue to be successful this year? In order to answer this question, it is necessary to understand the political challenges that Prime Minister Abe faces. Two major institutional reforms carried out in the 1990s have increased prime ministerial power, and have paved the way for Mr. Abe’s launch of Abenomics. However, there are still limitations on the Prime Minister’s ability to follow through with his plans for significant structural reforms.
In this seminar, Professor Takenaka will discuss the changes to the power of Japanese Prime Ministers since the 1990s, and will discuss the restrictions that Japanese Prime Ministers still face, by comparison with their British counterparts. Lastly, he will focus on the future of Abenomics, and in particular on the implementation of the “Third Arrow” – structural reforms.
Contributors: Professor Harukata Takenaka
Free but booking is essential at www.dajf.org.uk/bookin