Research and analysis

Japan: Abenomics, future challenges - September 2014

Abenomics successful so far, but structural reform key to future growth.


Abe can credibly claim to have delivered an economic recovery. But some commentators see high government debt, falling real wages, inflexible labour markets and the risk of a further tax shock all presenting significant risks. They believe that structural reform, supported by deregulation and an open trade policy, will be key to mitigating them and placing Japan on a higher growth path.