Abenomics in the 7th Year: Has it Worked?

Friday, March 1, 2019
12:00 PM - 1:30 PM

Koret-Taube Conference Center
Gunn-SIEPR Building
366 Galvez Street, Stanford University

The event is sponsored by the Japan Society for Promotion of Science and
the Japan Foundation Center for Global Partnership.


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Japanese Prime Minister Shinzo Abe speaks at Stanford about innovation in Japan and Silicon Valley. He was also joined on stage by Stanford President John Hennessy and George Shultz, the former U.S. Secretary of State and a distinguished fellow at the Hoover Institution (below).
When the Liberal Democratic Party in Japan regained the power led by Prime Minister Shinzo Abe in December 2012, Japan’s government embarked on a set of economic policies dubbed “Abenomics.” Abenomics aimed at bringing Japan back from stagnation and restoring its growth potential.  The Abe administration entered its 7th year and Prime Minister Abe looks most likely to become the prime minister with the longest reign in the post war era.  Abenomics looks seemingly successful as well.  Japan’s economy has been in the longest expansion phase in the post war era.  The unemployment rate is so low that many employers claim they cannot find workers.  Yet, the major goals of Abenomics set at the beginning, such as 2% inflation rate and 2% real economic growth, have not been achieved.  Has Abenomics really succeeded?

This panel features four experts who have been closely watching Abenomics’s impacts on the Japanese economy.  They evaluate what Abenomics has accomplished so far in various areas.



Joshua Hausman, Assistant Professor of Public Policy; Assistant Professor of Economics, University of Michigan

Takatoshi Ito, Professor of International and Public Affairs, Columbia University

Nobuko Nagase, Professor of Labor Economics and Social Policy, Ochanomizu University, Japan

Steven Vogel, Professor of Asian Studies; Professor of Political Science; Chair of the Political Economy Program, University of California, Berkeley

Takeo Hoshi (moderator), Director of the Japan Program at the Shorenstein Asia Pacific Research Center, Stanford University