Alex Kinmont: The Future of Japan and Abenomics

The video discusses Japan's economic history, focusing on the bubble years, deflation, and the impact of real vs nominal GDP. It highlights policy mistakes leading to Abenomics and explores political dynamics, particularly the role of the salaryman class. The shift in political power and its implications for fiscal dynamics and tax revenue are also examined.

What period is referred to as the peak of Japan's bubble years?

• Early 2000s to late 2000s

• Early 1990s to late 1990s

• Late 1980s to early 1990s

• Late 1970s to early 1980s

What has been the trend in Japan's nominal GDP per capita since 1997?

• Significant growth

• Moderate growth

• Decline

• Stagnation

Which policy mistake in Japan is compared to European fiscal austerity?

• Reduction in public spending

• Increase in consumption tax

• Increase in export tariffs

• Decrease in interest rates

Who are considered the real beneficiaries of Japan's economic policies over the last 20 years?

• Pensioners

• Salaryman class

• Small business owners

• Foreign investors

What was a significant political reaction in Japan around 2009?

• Increase in foreign investments

• Demand for expansionary policies

• Support for austerity measures

• Decrease in public protests

What is a potential risk associated with Abenomics?

• Reverting to austerity

• Decreasing exports

• Excessive inflation

• Increasing unemployment

What is the main goal of Abenomics in terms of tax revenue?

• Focus on international tax treaties

• Eliminate corporate taxes

• Increase tax revenue through higher nominal GDP

• Reduce tax rates

What was a key factor in the shift towards expansionary policies in Japan?

• Rise in technology exports

• Decrease in foreign aid

• Public protests and electoral outcomes

• Increase in global oil prices

What economic condition did Japan experience post-1997?

• Rapid inflation

• Prolonged deflation

• Stable growth

• Economic boom

What is a significant challenge in describing Japan's economic situation?

• Lack of data

• Real vs nominal GDP performance

• High unemployment rates

• Excessive government spending