Paper
James L. Schoff, Douglas E. Rake, Joshua Levy
{
"authors": [
"James L. Schoff"
],
"type": "legacyinthemedia",
"centerAffiliationAll": "dc",
"centers": [
"Carnegie Endowment for International Peace"
],
"collections": [],
"englishNewsletterAll": "asia",
"nonEnglishNewsletterAll": "",
"primaryCenter": "Carnegie Endowment for International Peace",
"programAffiliation": "AP",
"programs": [
"Asia"
],
"projects": [],
"regions": [
"East Asia",
"Japan"
],
"topics": [
"Economy"
]
}
Source: Getty
In The Media
Will Abe Ever Be Able to Reform Japan’s Economy?
The December 2014 election has given Abe four more years until the next election. This potentially gives Abe the time needed to implement unpopular economic measures like structural reform in Japan.
Published on Dec 15, 2014
Source: BloombergTV
In light of the low voter turnout in Japan’s December 2014, billed as a referendum on Prime Minister Abe’s economic policies known as “Abenomics,” Carnegie’s Jim Schoff was asked whether Abe should feel reaffirmed that his policies are what the Japanese people want. Schoff responded that the critical thing for Abe was that this election gave him a total of four years until needing another election, to implement his policies as a sort of “preemptive strike” against the uncoordinated opposition parties. Schoff said that Abe could now take the more unpopular steps and recover with a more productive economy. He added that Abe might take a number of specific short-term steps, such as implement a fiscal stimulus (around $25 billion) and a corporate tax cut so that the rate would be at a low of 20 percent. Schoff finished by saying that in the long-term Abe is looking to tackle deregulation in the electricity sector and also tackle the more entrenched issues of agriculture reform and healthcare reform.
About the Author
James L. Schoff
Former Senior Fellow, Asia Program
James L. Schoff was a senior fellow in the Carnegie Asia Program. His research focuses on U.S.-Japan relations and regional engagement, Japanese technology innovation, and regional trade and security dynamics.
- A High-Tech Alliance: Challenges and Opportunities for U.S.-Japan Science and Technology Collaboration
- What’s the U.S. Take on Russia-Japan Relations?Commentary
James L. Schoff
Recent Work
More Work from Carnegie China
- China’s Energy Security Doesn’t Run Through Hormuz but Through the Electrification of EverythingCommentary
Across Asia, China is better positioned to withstand energy shocks from the fallout of the Iran war. Its abundant coal capacity can ensure stability in the near term. Yet at the same time, the country’s energy transition away from coal will make it even less vulnerable during the next shock.
Damien Ma
- The Xi Doctrine Zeros in on “High-Quality Development” for China’s Economic FutureCommentary
In the latest Five-Year Plan, the Chinese president cements the shift to an innovation-driven economy over a consumption-driven one.
Damien Ma
- How China’s Growth Model Determines Its Climate PerformanceCommentary
Rather than climate ambitions, compatibility with investment and exports is why China supports both green and high-emission technologies.
Mathias Larsen
- What’s New about Involution?Commentary
“Involution” is a new word for an old problem, and without a very different set of policies to rein it in, it is a problem that is likely to persist.
Michael Pettis
- The Chinese Investment Riddle: What Cities RevealCommentary
While China's investment story seems contradictory from the outside, the real answers to Beijing's high-quality growth ambitions are hiding in plain sight across the nation's cities.
Yuhan Zhang
