An Analysis Of Abe 's Economic Policy Under The Condition Of Open Economy

“Abenomics” is a series of reforms and measures on stimulating Japan’seconomics proclaimed by the Prime Minister Shinzo Abe at the end of2012. SinceJapan has experienced economic depression for over20years, Abe Governmenthoped to pull Japan out of the predicament by aggressive monetary policy, flexiblefiscal policy and economic growth strategy. These three aspets of Abe Governmentheld full attention of the academic circles with its wide scope, high level and strongdetermination, which successfully simulated the boom of Japan’s economics overallin2013. Under the catalyst of the Japanese Yen, the domestic economic indicators ofJapan had been improved constantly. Meanwhile, Abe Government moved its electionforward in2014to buy time for the following implementation of the followingmeasures. The fundamental purpose of “Abenomics” is to adjust the pattern of Japan’sdomestic economic interests and stimulate domestic inflation by depreciatingJapanese Yen. In this way, Japan could also get clear of the long-term inflation byexpanding domestic demand.This article combed the background, content and goal of “Abenomics”,theoretically analyzed the three aspects of the policy, predicted the long-term resultsof “Abenomics” on basis of its short-term results, and draw the inspiration for China’seconomics by expounding the effects of“Abenomics”.