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The competitiveness strategies of Japanese manufacturing sectors since abenomics and their implications

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Frame of Image f Japanese businesses and ushering in new changes in the competitive and cooperative relations between Korean and Japanese man- The Competitiveness Strategies of Japanese Manufacturing Sectors Since Abenomics and Their Implications1 ) in 2000. While the vertical division of labor decreased, the horizontal division of labor during the same period increased from 14.4% to 28.8%. However, more than three years have passed since the Abenomics of the Japanese government. Abenomics mainly consists of three policies such as the expansion of government spending, rapid money supply expansion, and a growth strategy that has been configured with three arrows. The most interesting factors of Abenomics for us are the Japanese government’s policies to strengthen competitiveness of the manufacturing industry, such as the Industrial Competitiveness Enhancement Act and the weak Yen (JP￥) strategy. The exchange rate of the Yen on an annual average ufacturing industries. As much of the markets and products of the two countries’ manufacturing sectors overlap to a high degree, the changes made to the competitiveness of the Japanese manufacturing sector under Abenomics require serious attention and countermeasures from Korean policy and research communities. The objectives of this study include making an in-depth analysis and assessment of the Abenomics-induced changes in the competitiveness of Japan’s manufacturing sector, exploring the implications of such changes for Korea-Japan industrial relat


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Title The competitiveness strategies of Japanese manufacturing sectors since abenomics and their implications
Similar Titles
Material Type Articles
Author(English)

Sakong, Mok

Publisher

[Sejong, South Korea] : Korea Institute for Economy&Trade
Date 2016-06
Pages 13
Subject Country Japan(Asia and Pacific)
South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Economic Administration
Industry and Technology < Manufacturing
Holding KIET
License