CHRONOLOGY

2014 Consumption Tax raised to 8 pct under MoF's 'Arrow Four' fiscal austerity scheme a sharp brake on Abenomics
2013 Abenomics Mark I Arrow One 'monetary easing' Arrow Two 'fiscal stimulus' and Arrow Three 'structural reform'

 

GLOSSARY

Abenomics Arrow I BoJ Quantitative and Qualitative Easing QQE easing was launched 2013 to defeat deflation with CPI 2 pct Inflation Targeting
Abenomics Arrow II fiscal stimulus budgeting to be adopted the stimulus would help get the economy moving again and defeat deflation
Abenomics Arrow III structural reform policies through the EFPC ineffectual reversion to the 1986 Maekawa Report structural reform mantra
Abenomics Arrow IV the key hidden MoF fiscal austerity schemes Total Tax Burden to the German level by 2021 and the Swedish level by 2026
BoJ Bank of Japan nichigin perceived legitimacy has been badly damaged by Abenomics Arrow One cf QQE
CPI Consumer Price Index shohisha bukka shisu the argument of appropriate coverage and weighting exists re Arrow One etc
FILP Reform current status MoF preservation of bureaucrat turf predominates not Stock privatisation more a Flow Total Tax Burden push cf Abenomics Arrow IV

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