#2814. Comment on “Assessment of Abenomics: Evolution and Achievement”

November 2026publication date
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Journal’s subject area:
Political Science and International Relations;
Economics, Econometrics and Finance (all);
Management, Monitoring, Policy and Law;
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Abstract:
The article evaluates the first two arrows of Abenomics. The first arrow, an aggressive monetary policy, successfully brought the Japanese economy out of deflation, although the inflation target of 2% was not met. The real economy and financial markets recovered strongly. Unconventional monetary policy has been successful through the yen and stock price channels. The second arrow, flexible fiscal policy, can be interpreted as an increased counter-cyclical policy, that is, stimulating when necessary, but tightening when possible.
Keywords:
Abenomics; money-credit policy; economy; inflation

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