Obuchinomics

Keizō Obuchi and Yoshirō Mori, two proponents of Obuchinomics

Liberal Democratic Party
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History 1950s 1955 System Soviet–Japanese Joint Declaration of 1956 Hatomander U.S.-Japan Security Treaty 1960s Anpo protests Miike Struggle Income Doubling Plan Three Non-Nuclear Principles Sanrizuka Struggle 1968–1969 Japanese university protests 1970s Okinawa Reversion Agreement Japan–China Joint Communiqué Lockheed bribery scandals Treaty of Peace and Friendship between Japan and China Fukuda Doctrine 1980s Railway privatization Plaza Accord Recruit scandal Japanese asset price bubble 1990s Kono Statement Murayama Statement 1993 general election 1994 electoral reform Lost Decades Obuchinomics 2000s 2001 Central Government Reform Honebuto no hōshin Postal service privatization 2009 general election 2010s Abenomics 2011 Tōhoku earthquake and tsunami State Secrecy Law Reinterpretation of Article 9 Moritomo Gakuen scandal 2020s Assassination of Shinzo Abe 2023–2024 Japanese slush fund scandal 2026 general election
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Obuchinomics (Japanese: オブチノミクス) refers to the economic policies under the governments of Keizō Obuchi and Yoshirō Mori. Named after Obuchi, Obuchinomics is classical Keynesian to post-Keynesian and includes a centering on demand-side economics and the support of a market economy as well as the opening of markets to foreign competition, public spending and the support of stimulus policies and tax cuts. Obuchinomics under Obuchi also included fiscal populism and the concept of human security in the framework of economic development, supply-side economics, deregulation and privatization were also embraced in 1999. While it is seen as the opposite of Reaganomics it's supported government deficits like Reaganomics. Obuchinomics was regarded by Obuchi himself as a Japanese third way.