The following figure [Figure 1] depicts the real GDP growth rate in Japan in the last...

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The following figure [Figure 1] depicts the real GDP growth rate in Japan in the last 25 years. Figure 1 3Y 10Y 25Y MAX hunyam 1984 1992 Chart Compare 2000 Export API Embed 2008 wimpersyle 10 2016 5 0 -5 -10 -15 TRADINGECONOMICS.COM | CABINET OFFICE, JAPAN Shinzo Abe, who served as Prime Minister of Japan from 2006 to 2007 and again from 2012-2020, but was tragically assassinated on 8 July 2022, brought in a series economic strategy to revive the Japanese economy after a decade of stagnation - dubbed as the Abenomics. With a mixed success though, Abenomics has significantly reshaped the social and economic profiles in Japan. A. The first arrow of Abenomics introduced the unconventional monetary policies. Breifly explain the following policy initiatives and its effectiveness [2 marks each] Quantitative and qualitative easing (QQE) The negative interest rate policy (NIRP) The Yield-curve control (YCC) B. The third arrow of Abenomics triggered a series of social/economic structure reforms. For example, female labour force participation rate has been rapidly increasing since 2012 (See Figure 2) Figure 2 51.0 50.5 50.0 49.5 49.0 48.5 48.0 Japan - Female labor force participation 1990 1992 1994 1996 1998 2000 2002 2004 2006 ull. 2008 2010 2012 2014 2016 2018 The following figure [Figure 1] depicts the real GDP growth rate in Japan in the last 25 years. Figure 1 3Y 10Y 25Y MAX hunyam 1984 1992 Chart Compare 2000 Export API Embed 2008 wimpersyle 10 2016 5 0 -5 -10 -15 TRADINGECONOMICS.COM | CABINET OFFICE, JAPAN Shinzo Abe, who served as Prime Minister of Japan from 2006 to 2007 and again from 2012-2020, but was tragically assassinated on 8 July 2022, brought in a series economic strategy to revive the Japanese economy after a decade of stagnation - dubbed as the Abenomics. With a mixed success though, Abenomics has significantly reshaped the social and economic profiles in Japan. A. The first arrow of Abenomics introduced the unconventional monetary policies. Breifly explain the following policy initiatives and its effectiveness [2 marks each] Quantitative and qualitative easing (QQE) The negative interest rate policy (NIRP) The Yield-curve control (YCC) B. The third arrow of Abenomics triggered a series of social/economic structure reforms. For example, female labour force participation rate has been rapidly increasing since 2012 (See Figure 2) Figure 2 51.0 50.5 50.0 49.5 49.0 48.5 48.0 Japan - Female labor force participation 1990 1992 1994 1996 1998 2000 2002 2004 2006 ull. 2008 2010 2012 2014 2016 2018

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Answer A Quantitative and Qualitative Easing QQE Quantitative and Qualitative Easing QQE was a monetary policy adopted by the Bank of Japan BoJ in 2013 aimed at stimulating the Japanese economy which ... View the full answer