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About Takatoshi Ito
Takatoshi Ito is the dean of the Graduate School of Public Policy and a professor of the Graduate School of Economics at the University of Tokyo.Abenomics: Progress, prospects and how the 2020 Tokyo Olympics can help solve Japan’s debt problem
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Japanese Prime Minister Shinzo Abe’s economics platform, dubbed Abenomics, is a policy package consisting of three “arrows”: aggressive monetary easing with inflation targeting; flexible fiscal policy; and growth strategy. Together, the three arrows aim to lift Japan’s economy out of chronic deflation and stagnation, putting it on a path of sustainable growth. Thanks to the first and second arrows, Japan’s economy is firmly on the pathway to recovery and ready for the third arrow, barring political will. Tokyo’s recent successful bid to host the 2020 Olympic Games complements the Abenomics strategy by presenting a not-to-be-missed opportunity to solve Japan’s debt sustainability problem.
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