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Abenomics
refers to the economic policies implemented by the Government of Japan led by the Liberal Democratic Party (LDP) since the December 2012 general election. They are named after Shinzō Abe, who served a second stint as Prime Minister of Japan from 2012 to 2020. Abe was the longest-serving prime minister in Japanese history. After Abe resigned in September 2020, his successor, Yoshihide Suga, has stated that his premiership will focus on continuing the policies and goals of the Abe administration, including the Abenomics suite of economic policies. Abenomics is based upon "three arrows:" monetary easing from the Bank of Japan, fiscal stimulus through government spending, and structural reforms. ''The Economist'' characterized the program as a "mix of reflation, government spending and a growth strategy designed to jolt the economy out of suspended animation that has gripped it for more than two decades". During Abe's tenure, the rate of Japan's nominal GDP growth was higher, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shinzō Abe
Shinzo Abe ( ; ja, 安倍 晋三, Hepburn: , ; 21 September 1954 – 8 July 2022) was a Japanese politician who served as Prime Minister of Japan and President of the Liberal Democratic Party (LDP) from 2006 to 2007 and again from 2012 to 2020. He was the longest-serving prime minister in Japanese history. Abe also served as Chief Cabinet Secretary from 2005 to 2006 under Junichiro Koizumi and was briefly the opposition leader in 2012. Abe was born into a prominent political family in Tokyo and was the grandson of Prime Minister Nobusuke Kishi. After graduating from Seikei University and briefly attending the University of Southern California, Abe was elected to the House of Representatives in the 1993 election. Abe was appointed Chief Cabinet Secretary by Prime Minister Koizumi in 2005 before replacing him as prime minister and LDP president the following year. Confirmed by the National Diet, Abe became Japan's youngest post-war prime minister and the first born after Wo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Monetary Easing
Quantitative easing (QE) is a monetary policy action whereby a central bank purchases predetermined amounts of government bonds or other financial assets in order to stimulate economic activity. Quantitative easing is a novel form of monetary policy that came into wide application after the financial crisis of 2007-2008. It is intended to stabilize an economic contraction when inflation is very low or negative and when standard monetary policy instruments have become ineffective. Quantitative tightening (QT) does the opposite, where for monetary policy reasons, a central bank sells off some portion of its own held or previously purchased government bonds or other financial assets, to a mix of commercial banks and other financial institutions, usually after periods of their own, earlier, quantitative easing purchases. Similar to conventional open-market operations used to implement monetary policy, a central bank implements quantitative easing by buying financial assets from comme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yoshihide Suga
is a Japanese politician who served as Prime Minister of Japan and President of the Liberal Democratic Party (LDP) from 2020 to 2021. He had served as Chief Cabinet Secretary during the second administration of Prime Minister Shinzo Abe from 2012 to 2020. During Abe's first administration, Suga served as Minister for Internal Affairs and Communications from 2006 to 2007. Born to a family of strawberry farmers in rural Akita Prefecture during the Allied occupation of Japan, Suga moved to Tokyo after graduating from high school, where he enrolled in Hosei University. Shortly after graduating with a Bachelor of Laws, Suga became an aide to Representative Hikosaburo Okonogi in 1975, before entering politics himself when he was elected to the Yokohama Municipal Assembly in 1987. In the 1996 election, Suga was elected to the House of Representatives, representing Kanagawa's 2nd district as a member of the Liberal Democratic Party (LDP). During his time in the Diet, Suga beca ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reaganomics
Reaganomics (; a portmanteau of ''Reagan'' and ''economics'' attributed to Paul Harvey), or Reaganism, refers to the neoliberal economic policies promoted by U.S. President Ronald Reagan during the 1980s. These policies are commonly associated with and characterized as supply-side economics, trickle-down economics, or "voodoo economics" by opponents, while Reagan and his advocates preferred to call it free-market economics. The pillars of Reagan's economic policy included increasing defense spending, balancing the federal budget and slowing the growth of government spending, reducing the federal income tax and capital gains tax, reducing government regulation, and tightening the money supply in order to reduce inflation. The results of Reaganomics are still debated. Supporters point to the end of stagflation, stronger GDP growth, and an entrepreneurial revolution in the decades that followed. Critics point to the widening income gap, what they described as an atmosphere of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rogernomics
In February 1985, journalists at the ''New Zealand Listener'' coined the term Rogernomics, a portmanteau of "Roger" and "economics" (by analogy with "Reaganomics"), to describe the neoliberal economic policies followed by Roger Douglas. Douglas served as Minister of Finance (1984–1988) in the Fourth Labour Government of New Zealand of 26 July 1984 to 2 November 1990. Rogernomics featured market-led restructuring and deregulation and the control of inflation through tight monetary policy, accompanied by a floating exchange-rate and reductions in the fiscal deficit. Dalziel, Paul in Easton, Brian ed ''The Making of Rogernomics'' Auckland University Press 1989 p. 53 Douglas came from a background of Labour Party politics. His adoption of policies more usually associated with the political right (or New Right), and their implementation by the Fourth Labour Government, became the subject of lasting controversy. Douglas and the development of economic policy, 1969–1983 Douglas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Japanese Asset Price Bubble
The was an economic bubble in Japan from 1986 to 1991 in which real estate and stock market prices were greatly inflated. In early 1992, this price bubble burst and Japan's economy stagnated. The bubble was characterized by rapid acceleration of asset prices and overheated economic activity, as well as an uncontrolled money supply and credit expansion.Kunio Okina, Masaaki Shirakawa, and Shigenori Shiratsuka (February 2001):The Asset Price Bubble and Monetary Policy: Japan's Experience in the Late 1980s and the Lessons More specifically, over-confidence and speculation regarding asset and stock prices were closely associated with excessive monetary easing policy at the time.Edgardo Demaestri, Pietro Masci (2003): Financial Crises in Japan and Latin America, Inter-American Development Bank Through the creation of economic policies that cultivated the marketability of assets, eased the access to credit, and encouraged speculation, the Japanese government started a prolonged an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Consumption Tax
A consumption tax is a tax levied on consumption spending on goods and services. The tax base of such a tax is the money spent on Consumption (economics), consumption. Consumption taxes are usually indirect, such as a sales tax or a value-added tax. However, a consumption tax can also be structured as a form of direct, personal taxation, such as the Hall–Rabushka flat tax. Types Value-added tax A value-added tax applies to the market value added to a product or material at each stage of its manufacture or distribution. For example, if a retailer buys a shirt for twenty dollars and sells it for thirty dollars, this tax would apply to the ten dollar difference between the two amounts. A simple value-added tax is proportional tax, proportional to consumption but is regressive tax, regressive on income at higher income levels, as consumption tends to fall as a percentage of income as income rises. Savings and investment are tax-deferred until they become consumption. A value-added t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1997 Asian Financial Crisis
The Asian financial crisis was a period of financial crisis that gripped much of East Asia and Southeast Asia beginning in July 1997 and raised fears of a worldwide economic meltdown due to financial contagion. However, the recovery in 1998–1999 was rapid and worries of a meltdown subsided. The crisis started in Thailand (known in Thailand as the ''Tom Yam Kung crisis''; th, วิกฤตต้มยำกุ้ง) on 2 July, with the financial collapse of the Thai baht after the Thai government was forced to float the baht due to lack of foreign currency to support its currency peg to the U.S. dollar. Capital flight ensued almost immediately, beginning an international chain reaction. At the time, Thailand had acquired a burden of foreign debt. As the crisis spread, most of Southeast Asia and later South Korea and Japan saw slumping currencies, devalued stock markets and other asset prices, and a precipitous rise in private debt. South Korea, Indonesia and Thailand were ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shinzo Abe, Prime Minister Of Japan (9092387608)
''Shinzo'', known as in Japan, is an anime television series produced by TV Asahi, Toei Advertising, and Toei Animation. It was directed by Tetsuo Imazawa, with Mayori Sekijima handling series scripts, Sachiko Kamimura designing the characters and Katsumi Horii composing the music. In the series, genetically-altered creatures known as Enterrans take over Earth and rename it in their own image called Enterra. Now three Enterrans have to protect the last human in order to find the hidden sanctuary called Shinzo and restore the human race. The anime focuses primarily on the adventures they undergo while working to accomplish this task, though battle action becomes the main focus in the middle of the series. Due in part to the popularity of ''Hunter × Hunter'' in some areas in the competing timeslot, the series struggled with an average viewership of 3.5%, and was cancelled. In the United States, the anime was licensed and dubbed by Saban Entertainment & Buena Vista Television. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Diet Of Japan
The is the national legislature of Japan. It is composed of a lower house, called the House of Representatives (, ''Shūgiin''), and an upper house, the House of Councillors (, '' Sangiin''). Both houses are directly elected under a parallel voting system. In addition to passing laws, the Diet is formally responsible for nominating the Prime Minister. The Diet was first established as the Imperial Diet in 1890 under the Meiji Constitution, and took its current form in 1947 upon the adoption of the post-war constitution. Both houses meet in the in Nagatachō, Chiyoda, Tokyo. Composition The houses of the National Diet are both elected under parallel voting systems. This means that the seats to be filled in any given election are divided into two groups, each elected by a different method; the main difference between the houses is in the sizes of the two groups and how they are elected. Voters are also asked to cast two votes: one for an individual candidate in a const ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yoshihiko Noda
is a Japanese politician who was Prime Minister of Japan from 2011 to 2012. He was a member of the Democratic Party, and a member of the House of Representatives (lower house) in the Diet (national legislature). He was named to succeed Naoto Kan as a result of a runoff vote against Banri Kaieda in his party,Yoshihiko Noda wins Japan leadership race , 29 August 2011. and was formally appointed by the Emperor on 2 September 2011. Following a severe loss for the DPJ in the December 2012 gener ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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