英文摘要 |
This article reviews the economic policy-making process under the second Abe Administration from the House of Representatives election in December 2012 to the Upper House in July 2013. Specifically, it reviews the budget compilation, the tax system revisions, the formulation of new growth strategy, and the formulation of 'Basic Policies for Economic and Fiscal Management and Reform.' Prime Minister Abe Shinzo and his Cabinet have taken the initiative to make policies, and there has been almost no resistance from the ruling parties. This contrasts strikingly with the Democratic Party of Japan government. This article explains the reasons for the success of the Abe Administration. This is because the 'Abenomics', the economic policies of the Abe Administration, were preferred by Liberal Democratic Party (LDP) politicians and did not cause internal conflict in the LDP. This allowed the LDP to unite for the Upper House election. Moreover, this article argues that the policies will not be maintained in the long term, and there might be a policy conflict within the LDP. Also, the public might blame the Abe Administration for the widening wealth gap even if the Abe Administration achieves economic growth through 'Abenomics'. |