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Abenomics and its influence on the business relations of the European Union and Japan
Egreši, Martin ; Parízek, Michal (advisor) ; Kučerová, Irah (referee)
Trade relations between Japan and the European Union have undergone dynamic development since the end of World War II, which has not provided the desired results for many decades. Most of the negotiations that took place during the 60 years after the war failed on the demands and conditions of both parties, from which they did not want to withdraw. It was in the case of Japan that there was always a problem in the protection policy of the domestic market, the reduced competitiveness of foreign companies and the protection of domestic products through high tariffs, which always prevented the realization of mutual trade. In 2012, after the new LDP government took office, Japan's position changed, and Prime Minister Shinzo Abe began negotiations with the European Union on new trade cooperation. These negotiations were part of Abe's plan to rebuild the Japanese economy, which was in recession after a poor economic strategy in the 1980s and global financial crises followed by the Fukushima nuclear disaster in 2011. In response, Abe introduced the so-called three arrows - a set of domestic and foreign economic measures to kick-start the Japanese economy. Negotiations with the EU then took place together with other countries, however, these trade meetings were among the most important in terms of world...
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Abenomics and its impact on japanese economy
Machalová, Lucia ; Neumann, Pavel (advisor) ; Stuchlíková, Zuzana (referee)
The aim of this thesis is to analyse the impact of the so called abenomics reforms on the japanese economy and to assess its success and effectivity. It will consist of three main chapters. First chapter will describe how the japanese economy developed and what has caused its current state. Second chapter will explain how so called three arrows of abenomics work. Last chapter will analyse how successful these reforms were in meeting their goals and will try to estimate the future development of the japanese economy.
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Problems and the long-term sustainability of public finance in Japan: Will Japan face sovereign default?
Jägerová, Lenka ; Stuchlíková, Zuzana (advisor) ; Neumann, Pavel (referee)
The aim of this diploma thesis is to evaluate the current situation of public finance in Japan and its long-term fiscal sustainability. The partial objective is to define the fiscal and debt sustainability of the Japan's economy and to evaluate the objectives of government reforms undertook in this area. Further, the thesis examines the link between the fiscal situation and the other problems that Japan is facing, particularly Japan's ageing population, weak domestic consumption and slow economic growth. The diploma thesis is divided into three chapters. The first chapter recalls the basic knowledge of the theory of public finance and fiscal policy. The other two chapters are empirical. It is analysed economic development of Japan after the entry into the new millennium and the fiscal reforms approved by Prime Minister Koizumi and current Prime Minister Abe. At the end of the thesis the fiscal situation and long-term sustainability is evaluated.
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Japanese banking system with special focus on the financial crisis in the 90s
Sýkorová, Kateřina ; Schlossberger, Otakar (advisor) ; Leová, Simona (referee)
This thesis deals with the development of Japanese banking system in wider social context from the establishment of the first banking institutions in Tokugawa era until present. Most attention is paid to its role during the emergence of the financial crisis at the turn of the 80s and 90s of the 20th century and the way it was affected by the crisis. This work describes the main causes of the crisis which can be identified not only in the behaviour of banking institutions, but also in the delayed and inadequate reaction of the Japanese government. The analysis of governmental anti-crisis measures and the reform efforts indicates that in fact only three of fourteen prime ministers from 1991 to 2012 came up with measures aimed at the resurgence and further development of the banking sector. In conclusion potential consequences of current economic policy, so called "Abenomics", for the banking sector, are discussed.
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Impact of fiscal and monetary policy on the economy of Japan in the years 2008-2014
Marinkovič, Filip ; Procházka, Pavel (advisor) ; Pavelek, Petr (referee)
Since the beginning of the 90th Japan has struggled with economic stagnation and low performance. The consequence was the so called Lost decade , which gradually stretched over two decades. In 2012 Shinzo Abe became a new Prime Minister, who introduced a set of reforms aimed at reversing the current development . This bechelor thesis deals with Shinzo Abe's new policy so-called Abenomics . It analyzes the problematic aspects of Japan and their effects on the economy. Further it examines the approach of the new government to these problems and its reform . In conclusion, the data and partial conclusions are compared and analyzed in an attempt to answer the question whether the new policy of Shinzo Abe is effective in comparison with previous governments .
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Abenomics: Vstříc světlejším zítřkům, nebo stále to samé?
Pinta, Ondřej ; Potužák, Pavel (advisor) ; Špecián, Petr (referee)
This thesis investigates the impact of Abenomics policies, named after the new Japanese Prime Minister Shinzo Abe, on the economy. His so-called "three arrows" agenda includes fiscal expansion, quantitative and qualitative monetary easing, and regulatory reforms. This work focuses on the assessment of the fulfillment of set goals and compares Abenomics to previous policies. Abe's cabinet succeeded in raising inflation and depreciating yen. The debt growth has almost halted and the GDP has mildly recovered. However, the economy is still far from stable. This thesis also explores further issues encountered by the Japanese economy such as the shut-down of nuclear power plants and effects of the zero lower bound constraint. This work introduces a synthetic counterfactual to assess the real results of Abenomics. This method builds a model of an alternate Japan, in which Abe had not assumed the office. The results suggest that the impact of Abenomics on the GDP per capita is slightly positive or negligible.
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