Communications in Humanities Research ISSN: 2753-7072
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Research Article

Analysis of Foreign Trade Policy in Abenomics

Yu ZhangZhongnan University of Economics and Law*

* Corresponding author: [email protected]

Abstract

The outbreak of the international financial crisis in 2008 dealt a severe blow to Japan’s foreign trade environment. Under the severe form of Japan’s foreign trade, Shinzo Abe came to power and put forward “Abenomics” to provide strong policy support for Japan’s foreign economic development. This paper collects and arranges the foreign trade policy data of the Abe government during its two terms of office and analyses the impact of Abenomics on the Japanese economy. The study finds that, firstly, the Abe government focuses on the construction of an all-round regional economic partnership. During its term of office, it has signed the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the Japan-Europe Economic Partnership Agreement (EPA), and the Regional Comprehensive Economic Partnership (RCEP) and actively carries out trade diplomacy. Secondly, the Abe government attaches importance to foreign investment, actively investing in China, South Korea, and Southeast Asia, considering the economic and trade relations between Eastern and Western Europe. Thirdly, after Abe left office, the Kishida government continued the content of Abenomics. It proposed new capitalism with the times, and implementing this policy in Japan’s foreign trade has both the shadow of Abe’s economics and recent developments.

Keywords: Abenomics; foreign trade; regional economic cooperation; outward investment
Published: November 20, 2023
DOI: 10.54254/2753-7064/15/20230741
Volume: CHR Vol.15
pp. 210-215
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