"Womenomics" in Japan: In Brief (CRS Report for Congress)
| Release Date |
Aug. 1, 2014 |
| Report Number |
R43668 |
| Report Type |
Report |
| Authors |
Emma Chanlett-Avery, Specialist in Asian Affairs; Rebecca M. Nelson, Specialist in International Trade and Finance |
| Source Agency |
Congressional Research Service |
Summary:
Japan
women
womenomics
abenomics
economy
structural reforms
gender gap
marriage
birth rate
demographics
equality
immigration
Confronted with decades of economic stagnation, strict immigration controls, and a rapidly aging population, Japanese Prime Minister Shinzo Abe has launched an ambitious planâwidely known as "Abenomics"âto restart Japan's economy. The program has three main components: a large fiscal stimulus that was injected into the economy in early 2013; expansionary monetary policy that also began in 2013 and continues today; and a series of planned structural economic reforms, many of which have yet to be announced or implemented, that ostensibly will boost Japan's productivity.
One of Abe's planned structural reforms is a strategy to persuade more Japanese women to join the workforce, to remain in the workforce after they have children, and to advance higher on the career ladder. Japan's gender gap is one of the largest among high-income countries, and some economists have argued for many years that narrowing this gap is a potential source of economic growth for Japan as well as a way to help offset the long-term demographic problems facing the country. Although some are optimistic that Abe's government will be able to drive progress in the participation and advancement of women in Japan's workforce, other observers believe that elements of Japanese culture, including office customs and traditional beliefs regarding gender roles, pose challenges for the success of the policy.
