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Stockholm Seminar on Japan

March 26, 2013 - 15:00-16:30

“Abenomics – a Change in Japanese Fiscal Policy?”


by Dr. H. Richard Nakamura, School of Business, Economics and Law, University of Gothenburg


Japan has experienced decades of deflation, low levels of consumption, low economic

growth, and a quick succession of governments. In December 2012, Japan’s Prime

Minister Abe Shinzo returned to the post that he had been forced to leave in 2007.

Prior to the general elections of 2012, Abe promised higher public spending at the

same time as he tried to exercise pressure on the central bank, Bank of Japan. Abe

also appointed Aso Taro the new Finance Minister, a strong advocate of a generous

public spending scheme that has characterized most Liberal Democratic Party

governments since the 1990s. As a result, the country has seen a depreciating Yen

and soaring indices at the Tokyo Stock Exchange. Some observers have attributed

these effects to “Abenomics”, but what is it really?


Dr. H. Richard Nakamura is Assistant Professor at the School of Business,

Economics and Law at University of Gothenburg. His research concerns the Japanese

and East Asian economies, with a special focus on foreign direct investment, crossborder

mergers and acquisitions and internationalization processes of Asian business. 

Discussant: Dr. Bert Edström, Senior Research Fellow, Institute for Security and Development Policy

The seminar will be moderated by Professor Marie Söderberg, Director, EIJS

Venue: Ohlinrummet, 5th floor, Stockholm School of Economics, Sveavägen 65, Stockholm

RSVP to nanhee.lee@hhs.se  by March 22, 2013

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Stockholm Seminar on Japan


March 26, 2013