Economics Assignment
- Introduction: What was ‘Japan’s two lost decades (300 words)
- Japan before Abe’s first government (30%) (Word 700 words and graphs)
- Present some statistics illustrating the economic situation immediately before Abe became prime minister in 2006.
- Real GDP (from 1990 to 2002)
- GDP Growth (from 1990 to 2002)
- M2 (Money Supply)
- Consumer Price Index (CPI) (5 years 1995 to 2000)
- Labour Market Statistics (5 years 1995 to 2000)
- Balance of Payments (from 1990 to 2002)
- Imports and export data for (from 1990 to 2002)
- Household Expenditure (from 1990 to 2002)
- Discuss the main causes of Japan two lost decades, (min 1,000 words)
- CAUSES
- Aging Population
- Monetary Transfers from Central to Local Governments
- CAUSES
- Banking Behavior
- Excessive Contractionary Monetary Policy
- Reduced Effectiveness of Fiscal Policy.
- High Appreciation of the Yen in the Mid-1990s
- Banking Crisis of 1998
- Savings mindset of people
- Slow Response from Bank of Japan
- Consequences of the the lost two decades (400 words)
- the period of subdue economic growth and deflation after the burst of the asset price bubble in the early 1990s. (word count 600)
- Main macroeconomic policies
- Describe the main dimensions along which Abe sought to change Japanese economic policy
during all its five mandates, giving particular emphasis to what economic objectives he was
pursuing and why.
- Describe the five mandates in detail.
- Which economic objective did each of these mandate relate to and why was it important to work on this?
- What were the steps for each of these mandates?
(Word count for each of the 5 mandate is 300 words)
- Abe’s legacy
Provide a critical evaluation of the main dimensions along which Abenomics, namely the set of new policy introduced by Abe to shake the Japanese economy, was successful and those along which was not. Provide specific examples and arguments. (1000 words)
Describe the main dimensions along which Abe sought to change Japanese economic policy
