01871cas a2200265 a 4500 AALejournalIMF015094 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498327312 1018-5941 BD-DhAAL BD-DhAAL Aoyagi, Chie. How Inclusive Is Abenomics? / Chie Aoyagi, Giovanni Ganelli, Kentaro Murayama. Washington, D.C. : International Monetary Fund, 2015. 1 online resource (35 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students We assess the ongoing reform efforts in Japan in terms of inclusive growth. We use prefectural level panel data to regress a measure of inclusive growth, which incorporates both average income growth and income inequality, on macroeconomic and policy variables. Our analysis suggests that achieving the Bank of Japan's 2 percent inflation target has a positive effect on average income growth, but an adverse effect on income equality. The package of structural reforms planned under Abenomics is found to be effective in increasing both average income growth and income equality. The main policy implication of our analysis is that full implementation of structural reforms- especially labor market reforms-is necessary to both foster growth and increase equality. Mode of access: Internet Ganelli, Giovanni. Murayama, Kentaro. IMF Working Papers; Working Paper ; No. 2015/054 Full text available on IMF http://elibrary.imf.org/view/journals/001/2015/054/001.2015.issue-054-en.xml IMF e-Library