The Logo and Seal of the Freie Universität BerlinFreie Universität Berlin

Graduate School of East Asian Studies


Service Navigation

  • Homepage
  • Contact
  • Legal Notice
  • Privacy Policy
  • Sitemap
Information about data transfer when using Google Search™

Graduate School of East Asian Studies

Menu
  • About GEAS

    loading...

  • Application

    loading...

  • Program

    loading...

  • People

    loading...

  • Events

    loading...

  • Publications

    loading...

  • Einstein

    loading...

Breadcrumbs Navigation

  • Homepage
  • Events
  • GEAS Lectures
  • Guest Lecture: Richard Katz

How to Fix Abenomics

Jun 29, 2016 | 10:00 AM c.t. - 12:00 PM

Richard Katz argues that the best way to fix Abenomics is to actually implement it. The original “three arrows” concept (monetary stimulus, fiscal stimulus and structural reform) is fine. However, none of the three arrows work without the other two, and, so far, only one has even been tried, i.e., monetary stimulus. Prime Minister Shinzo Abe’s third arrow has been lots of nice-sounding goals with no strategies or actions to fulfill them. Fiscal policy has had one foot on the gas pedal and another on the brake. As a result, real GDP is virtually no higher than it was eight years ago before the global financial crisis. Real wages have fallen 9% since 2007, with half of that fall occurring on Abe. Real exports are flat despite a 30% depreciation of the yen, indicating a fundamental problem of competitiveness on the part of Japanese firms.

Richard Katz is Editor-in-Chief of The Oriental Economist Report (TOE). He is also a special correspondent for the Weekly Toyo Keizai, a leading Japanese weekly business magazine published by Toyo Keizai.

Time & Location

Jun 29, 2016 | 10:00 AM c.t. - 12:00 PM

Lecture Hall -1.2009
Holzlaube
Fabeckstr. 23-25
14195 Berlin

logo-startseite

News

spinner

Calendar

spinner

Graduate School of East Asian Studies

  • About GEAS
  • Application
  • Program
  • People
  • Events
  • Publications
  • Einstein

Service Navigation

  • Homepage
  • Contact
  • Legal Notice
  • Privacy Policy
  • Sitemap

This Page

  • Print
  • Feedback