About Abenomics

Recently, "MITSUYA Cider," one of the carbonated drinks produced by "Asahi Soft Drink Corporations Co. Ltd.," has had high sales. Why on earth is "MITSUYA Cider" more popular than other carbonated beverages? In fact, it has a relation to Abenomics!! Apropos of Abenomics, many people associate it with "The Three Arrows" because of its name; MITSUYA equals three arrows in Japanese. And it seems to be connected with the three arrows logo of "MITSUYA Cider." Therefore, people tend to buy them.

Abenomics is a common policy today. However, most Japanese perhaps do not understand the content of it.

Now, here is a simple explanation about Abenomics. "Abenomics" can be divided into 3 parts: first, second and third arrow. The first is a financial policy. The aim of this policy is to increase the price level by 2%. To achieve this goal, the BOJ,”Bank of Japan,” the only institution that can decide the amount of money in circulation in Japan, should increase money supply. However, why is the goal to increase price level? If it is not the policy to increase the supply of money, the price level goes down and a lot of companies will suffer losses and would end up in deflation. As a result, the employees of the companies might encounter lay off. In bad cases, if deflation should continue for a long time, the economy would start to a stagnate position. To avoid this situation, it is necessary for the BOJ to increase the price level. By increasing price level, the value of yen depreciates and the yen weakens against the dollar.

Thus, the performance of the companies will be improved and the productivities of export industry are going to be expanded. Then, the wages of employees will rise and they will become wealthy. As a result, the business is going to work well. The aim of the first arrow has already been achieved, and the exchange rate of the yen is falling and falling as it is expressly shown by the exchanging market.

The second arrow is flexible fiscal policy. It means to rebuild public finance and to increase public investments. It is impossible to talk about second arrow without “plan to toughen national ground.” The government aims at the national function which is sustainable for a long term and structure of Japanese society, so it needs the expansion of domestic demand and improvement of economic competitiveness. It is known that public enterprise improves the economy. Construction works make a lot of jobs for people and they use money much. The economy goes well through that mechanism. The character of Abenomics is that the government spends more money than past cabinets. The supplementary budget was approved in the cabinet meeting on January 15, 2013. The amount of money is the second biggest one. The government invests about 200 trillion yen in developing infrastructure intensively for 10 years from now on. It is for disaster prevention and revival from the damage of the Tohoku great earthquake disaster too. Prime Minister Abe said that the plan this time increases the Japanese GDP by 2% and creates new jobs for 600,000 people. But there are some criticisms. The effect of this plan may be only temporary. Furthermore, debts may increase too much. The key is whether the plan contributes the securement of stable tax revenue. The third arrow came out, which is the growing strategies to raise private investment, in order to give wages for workers. The aim of the third arrow is how Japan will be able to earn money.

There are three plans for this aim. One of the three plans is The Japan Industry Revival Plan. This plan makes venture businesses activate and gets rid of income differential between big companies and small and medium-sized enterprises.

The second plan is The Strategy Market Creation Plan, which reforms scientific technique and medical treatment.

And the third plan is The International Extraction Strategy.

This indicates the way Japan treats with TPP in coordination with the global world. TPP is the international treaty, which imposes no tariff on any product. Now, the biggest problem that Japan has had is whether we can protect farmhouses of rice or not. TPP does not impose tariff on all products. Therefore, Japan can get advantages against the US for car industries while it is a span of a weak yen and a high dollar rate. However, for agriculture of rice, Japanese will tend to buy lower rice made in the US, and farmhouses in Japan can take a bigger knock from imported products.

To say clearly, it is no exaggeration to say that these growing strategies make serious way Japanese economics should proceed. Well, how does this Abenomics affect our job hunting? The period of job hunting has been shifted from December of junior to March of junior since 2016. And does Abenomics really have the ripple effect on the new system of job hunting ? In conclusion, we can expect that the rate of employment is raised. If the business condition can be improved by Abenomics, profits of companies will increase and companies will employ more workers. Thus, increasing of hiring of new graduates makes the higher rate of the job hunting.And we have to do only one thing. It is that we learn about Abenomics and think about what effects can be expected to Japan in the future.

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最近三ツ矢サイダーがよく売れているようです。なぜ他の炭酸飲料ではなく三ツ矢サイダーがこんなにも売れているのでしょうか。アベノミクスといえば三本の矢ですが、それが三ツ矢サイダーの三ツの矢のマークとかかっているからです。

では、アベノミクスの三本の矢とはいったい何なのでしょうか。

第一の矢は金融政策です。この目標は、社会に流通する貨幣量を決めることができる唯一の機関である日銀が貨幣供給量を増やし物価を2%上げるという目標です。なぜ物価上昇を目標にしているのかというと、物価が下がることで企業が不利益を被る状態(デフレーション)が起こることにより、従業員がリストラにあってしまいます。このデフレ―ションが続くと経済全体が沈滞してしまう。これを回避するために日銀が物価を上昇させることにより円の価値が下がるので円安になり、輸出産業の生産性が伸びるので企業全体の業績がよくなり従業員の賃金も上がります。その結果、生活が豊かになり経済全体の景気が良くなります。

この第一の矢の目標はすでに達成されており、為替市場で明らかなように急速な円安が進んでいます。

第二の矢は財政政策です。財政政策の目標は国土強靭化計画と国の公共投資です。日本の国債いわば国の借金は増大しており、甚大な借金を返さないと国民による国の信用が低下し、少子高齢化に伴う税金はどんどん上がってしまいます。そうなると、日本の財政は崩壊してしまいます。そこで国債を返済するために国の支出を最大限に減らし増税する必要があります。この計画を政府は国土強靭化計画と呼んでいます。そして国の公共投資においては、道路・橋・トンネルなどへの公共投資を他の企業に代わって行うことで、それらにかかわる企業に出資していきます。そうすることで、多くの企業にお金が流通します。現在は、東北の大震災もあり防災や復興のために公共事業を行おうとしています。ただ、国の財政は限界があるのでいつまでも大規模な公共事業を続けられるわけではありません。 早く企業がお金を稼げるようになって従業員にお金を回すために出てくるのが第三の矢・民間投資を喚起する成長戦略です。

第三の矢・成長戦略の目的はどうやって日本がこれからお金を稼いでいくかということです。そのプランのうちの一つが日本産業再興プランです。これは大企業と中小企業の格差をなくし、ベンチャー企業を支援するというものです。

二つ目の戦略市場創造プランは、科学技術イノベーションと医療を改革するというものです。

三つ目は国際展開戦略です。これは、世界と日本が提携するTPPの在り方です。TPPとは輸出入の全品目に関税をかける取り決めです。今の日本のTPPに関する最大の問題は、米農家を守れるかどうかということです。具体的に言うと、日本とアメリカの米農家と自動車産業では、円安・ドル高により日本の米農家とアメリカの自動車産業は大きな損失を被りますが、日本の自動車産業とアメリカの米農家は大きな利益を享受することができます。この成長戦略がこれからの日本の経済の在り方を決めるといっても過言ではない。 それでは、このアベノミクスは私たちの就職活動にどのような影響を与えるのでしょうか。

2016年度大学卒業生から就職活動の時期が3年生の3月からになりますが、果たしてアベノミクスによる経済変動は就職活動への波及効果があるのでしょうか。結論を言うと、大学生の就職率は上昇すると予想されます。アベノミクスにより景気が良くなると、企業の収益が増えるので雇用者数が増えます。したがって、新卒者の採用人数が増えるので就職率が上がるのです。私たち学生が今できることは、日本がアベノミクス政策の内容について知識を得て、それによりどのような効果がもたらされるのか学習することです。

#politics #201310