GEOG 1104 Lecture Notes - Lecture 5: Abenomics, South Korea, 6 Years
Document Summary
Monetary expansion aimed at 2% inflationary rate (control and manipulate money) Flexible fiscal policy to create economic stimulus and achieve budget surplus: manipulate monetary policy to incentivize to borrow or lend, be flexible as in loosen the rules, levers to encourage others to do stuff. Create growth strategy: focused on structural reform, private sector investment, get rid of red tape to late business do more and create more, helped spur a bit in economic growth, it has been a slight positive. 1. 5% growth good for japan: he came to power in 2012 (6years) It is big because they help stabilize japan. Increasing % voicing opinions of having stronger military and change the constitution: allowed japanese military vessels to help defend allies in other parts of the world. New: minister shinzo abe comes from a well-established political power family, his father was pm years ago. Believes japan should get out apologetic phase.
