Abenomics and Active Pacifism

Abstract

Against deflation and stagnant growth in 2013 Abe and his ministers launched a mix of fiscal and monetary policy and structural reforms but these do not appear of successful for the principal economic indicators. Japan recorded a negative GDP trend rate range from 1.6% by 2013 to -0.1 in 2014. Some of the major competitiveness indices of the World Bank showed a negative trend. Nevertheless, the abenomics represents an important development not only for Japan and East Asia but an example of different way for the entire world. The adoption of a Keynesian approach represents a breaking political, intellectual and economic with the opinions that have dominated public discourse in recent years, especially in Europe. Japan is performing rearmament; this could mean that Japan would employ a new international role. The aim of this study is focus on the economic and geopolitical impact that could have the new Abe's “active pacifism”. Objective of this analysis is examine the economic prescription by Abe and his possible long-term impacts on the international economy.