TY - JOUR
TI - The fiscal consolidation challenge of Abenom
AU - Bobowski, Sebastian
TI - The fiscal consolidation challenge of Abenom
AB - 
	The paper is studying the problem of fiscal consolidation of Japan, addressed by Abenomics, economic revitalisation policy pursued by Japan’s current Prime Minister ShinzÇ Abe. The major assumption of Abe’s strategy is to liberate the country from the long-term vicious circle of stagnation and deflation. The main objective of the article is to assess the condition and perspectives of the public finance sector in Japan in regards of the reform of social security system and consumption tax. According to the author, so far the fiscal policy under Abenomics proved to be uneffective, which may consequently undermine people’s trust in the reasonability of the government’s policy; it is, however, challenged by a fiscal dilemma: stimulation or consolidation, as well as both political and structural obstacles.
VL - 2016
IS - Volume 35/2
PY - 2016
SN - 2300-6102
C1 - 2353-9496
SP - 13
EP - 26
DO - 10.4467/23539496IB.16.043.5624
UR - https://ejournals.eu/en/journal/ibage/article/wyzwanie-konsolidacji-fiskalnej-abenomiki
KW - fiscal consolidation
KW - Abenomics
KW - Japan