- 経営・情報研究 多摩大学研究紀要 = Tama University Journal of Management and Information Sciences (ISSN:13429507)
- vol.18, pp.79-100, 2014-02-01
Recently, non-GDP economic indicators such as the Inclusive Wealth Indicators by the UN and How's Life index by the OECD have been newly developed by international organizations and they gathered much attention in the US and EU. Flurry of those new indicators was triggered by the Stiglitz report commissioned by the former president Sarkozy of France. The report made a breakthrough in economic thoughts. Analyzed through the lenses of those recent indicators, the merits and demerits of Abenomics will be critically taken into consideration. Abe's "bold monetary policy" implemented by Governor Kuroda of the BOJ has been a huge success. It may be concluded that while the "resilient fiscal policy" is producing mixed results, the "growth strategy that will induce private sector investment" is likely to fail since the concept of growth strategy is unfit for Japan in the 21st century.