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Abenomics (a portmanteau of Abe and economics) refers to the economic policies advocated by Shinzō Abe, the current Prime Minister of Japan. Abe assumed office on 26 December 2012. The neologism refers back to previous political terms such as Reaganomics (based on American President Ronald Reagan), Clintonomics (based on American President Bill Clinton) and Rogernomics (based on New Zealand Minister of Finance Roger Douglas). Abe aims to expand the economy of Japan, still facing challenges related to the global economic recession, by a combination of measures such as aggressive quantitative easing from the Bank of Japan, a surge in public infrastructure spending, and the devaluation of the yen.
The policies can be compared and contrasted to other government measures across the world to stimulate economic growth. Keynesian theories of demand side macroeconomic changes are cited as partial inspiration for Abenomics. In terms of results, the yen has become about 25% lower against the U.S. dollar in the second quarter of 2013 compared to the same period in 2012, with a highly loose monetary policy being followed. In addition, the unemployment rate of Japan has lowered from 4.0% in the final quarter of 2012 to 3.7% in the first quarter of 2013, continuing a past trend.

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