Date and Time
Feb. 25 (Tue.) 10:00am-12:00pm

Ambassador Room, The Embassy Row Hotel
2015 Massachusetts Ave NW, Washington DC 20036

One year has passed since Mr. Abe became Prime Minister for the second time. During the past 12 months, a package of economic policies, commonly known as "Abenomics", which consists of aggressive monetary policy, flexible fiscal policy, and growth strategy has been executed. Due to aggressive monetary policy combined with inflation targeting, the yen has been depreciated by more than 20 percent; the stock prices rose more than 60%. Fiscal policy was first stimulation with large public works spending in the first half of 2013, while the consumption tax increase in April 2014 was confirmed. Growth strategy is slow to be implemented despite the long list. The growth rate has become higher and there is a sign that the 15-year deflation is finally over. With a strengthened economy, Mr. Abe has aimed at reaffirming and solidifying the US-Japan alliance. Advocating proactive contribution to peace, he strengthened the National Security Council, and accomplished a significant breakthrough in the relocation of Futenma Air Station in Okinawa. But with his visit to the Yasukuni Shrine, the relations with China and South Korea are perhaps in the worst shape in decades. How economic policies and diplomatic initiatives of the Abe administration will play out in the second year will be discussed in the session.

Takatoshi Ito, Professor, The University of Tokyo
Fumiaki Kubo, Director, U.S.-Japan Research Institute / Professor, The University of Tokyo / Japan Scholar, Woodrow Wilson International Center for Scholars

Michael Auslin, Resident Scholar, American Enterprise Institute for Public Policy Research
Stephan Danninger, Senior Economist, International Monetary Fund

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