Volume 12, Issue 1 (January 2025), Pages: 194-207

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 Original Research Paper

Japan’s economy and government policies in the post-COVID-19 context

 Author(s): 

 Nguyen The Hung *

 Affiliation(s):

 Academy of Policy and Development, Ministry of Planning and Investment, Hanoi, Vietnam

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 * Corresponding Author. 

  Corresponding author's ORCID profile: https://orcid.org/0009-0008-9403-6560

 Digital Object Identifier (DOI)

 https://doi.org/10.21833/ijaas.2025.01.019

 Abstract

This research article examines the Japanese government's support policies during the COVID-19 pandemic. The government implemented macroeconomic measures, including monetary and fiscal policies, to mitigate the pandemic's adverse effects and support economic recovery. While these policies achieved certain successes, the Japanese economy continues to face significant challenges, such as slow economic growth, a large budget deficit, and rising public debt, which threaten the long-term sustainability of public finances. Additionally, inflation has exceeded target levels, but workers' wages have stagnated, creating financial hardships for many households. Rapid population aging further undermines the sustainability of the social security system, placing additional pressure on public spending, monetary policies, and fiscal strategies. These challenges complicate Japan's efforts to sustain economic growth and uphold living standards.

 © 2025 The Authors. Published by IASE.

 This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/).

 Keywords

 COVID-19 policies, Fiscal policy, Monetary policy, Economic challenges, Aging population

 Article history

 Received 16 July 2024, Received in revised form 20 November 2024, Accepted 9 January 2025

 Acknowledgment

We appreciate helpful comments from Prof. Tadashi Yokoyama, National Graduate Institute for Policy Studies.

 Compliance with ethical standards

 Conflict of interest: The author(s) declared no potential conflicts of interest with respect to the research, authorship, and/or publication of this article.

 Citation:

 Hung NT (2025). Japan’s economy and government policies in the post-COVID-19 context. International Journal of Advanced and Applied Sciences, 12(1): 194-207

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 Figures

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 Tables

 Table 1 Table 2 

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