Abenomics refers to the new economic policy platform being rolled out by Shinzo Abe, the current Japanese Prime Minister. Abe assumed office on December 26 2012. Abenomics is a set of policy measures meant to resolve Japan's macroeconomic problems. It consists of monetary¹ policy, fiscal² policy, and economic growth strategies to encourage private investment. Specific policies include inflation targeting at a 2% annual rate, correction of the excessive yen³ appreciation⁴, setting negative interest rates, radical⁵ quantitative⁶ easing, expansion of public investment, buying operations of construction bonds by Bank of Japan (BOJ), and revision of the Bank of Japan Act.

 

安倍经济学（Abenomics）指日本现任首相安倍晋三推出的经济新政策。安倍晋三于2012年12月26日上任。安倍经济学是一系列旨在解决日本宏观经济问题的政策措施，包括货币政策、财政政策以及鼓励私人投资的经济增长策略。具体政策包括：年通货膨胀率达到2%，抑制日元过度升值，制定负利率，量化宽松，扩大公共投资，日本银行购买建设性国债，以及修订《日本央行法》。

 

In terms of results, the yen has become about 25% lower against the U.S. dollar in the second quarter of 2013 compared to the same period in 2012, with a highly loose monetary policy being followed. In addition, the unemployment rate of Japan has lowered from 4.0% in the final quarter of 2012 to 3.7% in the first quarter of 2013, continuing a past trend.

 

从结果来看，2013年第二季度，日本对美元的汇率比上年同期下降了约25%，随之而来的是高度宽松的货币政策。另外，日本的失业率也由2012年第四季度的4.0%下降到2013年第一季度的3.7%，保持了之前的下降趋势。