Shinzo Abe, president of Japan's Liberal Democratic Party, after the ceremony of the 26th Japanese House and Senate elections officially elected as the 96th-generation Japanese Prime Minister, this is his second since 2006, was elected. New term Abe regime "economic recovery" on all policy objectives first press conference on the day to entertain reporters, Abe set forth in the political and economic program, also revealed he tried are exploring a "pragmatic , balanced national governance mode. Here, we want to focus on evaluation of the economic policies pursued his upcoming affect China's economy and what impact.
First, Abe will actively promote the ultra-loose quantitative monetary policy to cope with large-scale government fiscal spending plans, which bothered to create a favorable investment environment inside and outside of the Japanese economy out of deflation. Therefore, we can speculate that Abe in the future will be to further develop the Chinese market to gesture with China close to the same time, but also to "pull" the way to win the sympathy and support of the United States, in order to find balance China, to fit Japan's national interests that degree. " Abe repeatedly stressed recently employment policies and fertility incentives and social security policy, its focus in order to restore the international competitiveness of Japanese manufacturing and ease the thorny issue followed by Japan "industrial hollowing out". So, Abe worked hard to pursue future quantitative easing monetary policy, internally designed to keep the cost of capital advantage of Japanese companies, and externally in order to maintain the trend of depreciation of the yen in order to ensure that Japan's international competitiveness is not the currency of the United States and Europe flood stifled. In this sense, the Chinese market will be Abe regime in the eyes of the re-emergence of the best Japanese manufacturing stage. Japanese politicians are also looking forward to the future with optimism by a number of knowledge-China camp diplomat to seek a means of maintaining the balance of the "politically cold and economically hot" strategy. To do this, they need to join the umbrella of the United States. Abe regime realized that the the TPP framework of the interests of the United States to improve is far greater than in Japan. You Qian-fold in the election of the Prime Minister has repeatedly join the TPP is the development of the largest threats to the Japanese agriculture. Of course, after the election, Abe from "pragmatic" point of view, to re-examine the strategic significance of the TPP. Make the greatest efforts to require the United States to give Japan a more tolerant special treatment for example, delaying the full liberalization of the agricultural and medical fields, in order to ease Japanese farmers and medical sectors of the dissenting voices, which in turn will promise to each other, with this The new US-led Asian economic cooperation strategy the TPP to curb China's economic leadership in the Asian region.
Secondly, the Fukushima disaster reconstruction and new energy strategy refactoring Japan's future to enhance domestic demand, the government had to invest heavily in the place. Today, the Japanese government is deeply these two aspects of the lag is the lack of manpower and funds. In the future, Japan will attract a large amount of overseas labor or to relax the conditions of employment of the students studying in Japan, at the same time, the substantial financial subsidies, to enhance the potential consumer demand in Japan and reduce energy costs through the improvement of domestic demand in the improvement of the quality of public life to enhance the community become a better place confidence in the future life. Obviously, this down Japan's fiscal deficit will deteriorate rapidly, and this adds a greater risk of default on domestic and foreign investors, including China. To this end, the Government of Japan will continue to improve the convenience of overseas travel to Japan and to raise the consumption tax supporting fiscal balance to address the weakness in the pattern of the current tax base in Japan. Can China exuberant rich overseas consumption, promoting the network of cross-border renminbi trade settlement, we seek to balance spending power "drain" the required RMB cross-border use convenient improve key. Otherwise, China's consumer market because of the backwardness of our consumer environment will be a part of.
Third, the the Abe regime this policy agenda with particular emphasis on crisis management. In this form the cabinet, he set up the problems of the economy may appear different management departments. I hope to find Japan's relatively favorable external economic and strategic position through the detailed differences in policy. Therefore, China and Japan in island dispute before the established civil interdependence of trade and investment, but also completely possible future crisis management change. For example, Japan, for the point of view of national security and balance China's economy will shrink on in the investment scale enterprises in the return of the local support of the Japanese fiscal policy, while at the same time cater to European and American voices demanding the opening of the Chinese market, thereby expanding the scale of the in exports . The benefits of doing so is conducive to the Japanese domestic employment and tax revenue. Quantitative easing monetary policy in Japan and the flooding of the dollar and the euro will affect commodity prices, squeezing the profits of China's manufacturing industry, and the depreciation of the yen will be denied the export competitiveness of Chinese products. Therefore, the structural adjustment of China's future should have an international outlook, one hand to enhance the technical content of our industry, as well as by means of monetary, exchange rate and industrial policy to support the competitiveness of Chinese enterprises overseas market. Otherwise, our employment and tax revenue will be squeezed out.
In short, this term Abe government in the heart carries a kind of "checks and balances" Cold War mentality, to seek the future performance of the Miami Heat and the Chinese "economic integration", then, this "politically cold and economically hot" The optimistic idea whether also as in the past barely effective, it is difficult to say. We hope that Japanese politicians were able to return to a respect for history, look at the overall situation in the future, cherish the good economic foundation laid by the Asian manufacturing countries, which play their respective comparative advantages, and to establish a real trust and cooperative relations, the only way the National will welcome the government so that the national and even global governance, Abe regime to free themselves from the embarrassing situation of the extremely unstable political situation in Japan in recent years to play out of their own have been looking forward to "political leadership" Japanese nationals share to the long-term stability of the world from the environment to get rid of them long-term economic downturn brought huge dividends of globalization.
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