Abe Shinzō's LDP-led coalition with Komeitō got its wish Sunday, winning enough seats to retake control of the House of Councillors for the government and ending the "twisted" Diet for at least the next three years. With five seats still undecided, the LDP and Kōmeitō have secured 134 seats, comfortably over the majority threshold of 122 seats. …
Tag: Abenomics
Pinpointing public support for Abenomics
With the upper house election campaign in full swing — Michael Cucek has the campaign numbers breakdown here — there is no shortage of public opinion polling to wade through. Because the outcome of the election is more or less a foregone conclusion, not much of it is very interesting. However, it is still worth …
Public support for Abenomics cools slightly, but the LDP will win anyway
With the campaign for the July 21st upper house election set to begin officially on Thursday, the Asahi Shimbun has released the results of its latest opinion polling on the Abe government.The poll contains good news and bad news for Abe Shinzō.The good news for the PM is that there remains no doubt that the LDP …
Continue reading Public support for Abenomics cools slightly, but the LDP will win anyway
The Japanese public’s ingrained distrust of investor capitalism
In the last part of this series of posts reviewing Japanese public opinion about economic policy during the "lost decades," I will explore public opinion polls regarding attitudes towards savings and investment and financial reform. Years of public opinion polls support what the Bank of Japan's data on Japan's Flow of Funds shows: since the …
Continue reading The Japanese public’s ingrained distrust of investor capitalism
The Japanese public’s enduring anxiety about social security
Even as the Japanese people confronted slow growth and considered whether the longstanding institutions of Japanese capitalism would be able to guarantee prosperity in the future, they faced the prospect of an aging, shrinking population and worried about the stability of Japan's social security system. As baby boomers retire, Japanese society, like other developed societies, …
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The Japanese public weighs structural reform
In my last post I discussed public opinion regarding fiscal stimulus, fiscal reconstruction, and the role of the state. In this post, I'll look at public opinion concerning the behavior of Japanese companies, labor market practices, and the role of the government in promoting microeconomic or supply-side changes in the Japanese economy as a means …
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Fiscal policy in the eyes of the Japanese public
It increasingly seems that if Abe Shinzō is going to remain in office, he will need to retain the approval of the Japanese public, and that if he is going to retain the approval of the Japanese public, the Japanese public will need to reap some of the benefits from the purported revival of economic …
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Waiting for trickle down
Another day, another round of statistics to parse in an attempt to determine whether or not Abenomics is working. The latest are Japan's trade figures, which found that Japanese exports in May yielded 10% more than in May 2012, although the volume of exports fell for the twelfth straight month. The spike in export earnings, …
How long will the Japanese people support Abe (and Abenomics)?
The most remarkable contrast between Abe Shinzō's tumultuous first term as prime minister in 2006-2007 and his current term is the degree to which Abe has been able to rely on significant public support. By this time in his first government — approximately five-and-a-half months after his inauguration — Abe's disapproval rating had surpassed his …
Continue reading How long will the Japanese people support Abe (and Abenomics)?
Japan the model?
Joseph Stiglitz has a piece at the New York Times praising Abenomics as "a huge step in the right direction." At the same time, however, he also argues that Japan's malaise was never as bad as the popular narrative suggested. In fact, Japan, Stiglitz writes, should be viewed as a model for the United States as …
Tobias S. Harris 