Heisei Kenkyūkai

Heisei Kenkyūkai
平成研究会
LeaderToshimitsu Motegi
FounderNoboru Takeshita
Founded4 August 1987
Dissolved27 December 2024
IdeologyConservatism
Keynesianism[1]
Under Keizo Obuchi:
Post keynesianism[2]
Keynesianism (ideological later)[3][4][5][6][7][8][9][10]
Neoliberalism (ideological early)[11]
Demand-side economics[12]
Market economy[13]
Under Ryutaro Hashimoto:
Neoliberalism (ideology and early in practice)[14][15][5][16][17][18][19]
Anti-Keynesianism (ideological and early in pratice)[20][21]
Keynesianism (not ideological and later in practice)[3][2]
TypeLiberal Democratic Party faction
Councillors
21 / 117
Representatives
23 / 191
Website
heiseiken.jp

Heisei Kenkyūkai (Japanese: 平成研究会, Heisei Research Council) was a faction within the Liberal Democratic Party (LDP).[22] It was led by Toshimitsu Motegi, the former secretary-general of the LDP.[23]

Economic views

The economic views of the faction ranged from post keynesianism to neoliberalism. Ryutaro Hashimoto was a propoonent of neoliberalism, while Keizō Obuchi was a proponent of traditional keynesianism and post keynesianism, Obuchi's economic poolicies are known as Obuchinomics. Obuchinomics influenced Yoshirō Mori who was member of the Seiwa Seisaku Kenkyūkai faction unlike Obuchi.

Faction heads

Faction heads who became prime minister are in bold.

No. Image Faction head Years
1 Noboru Takeshita 1987
2 Shin Kanemaru 1987–1992
3 Keizo Obuchi 1992–1998
4 Tamisuke Watanuki 1998–2000
5 Ryutaro Hashimoto 2000–2004
- N/A Vacant 2004–2005
6 Yūji Tsushima 2005–2009
7 Fukushiro Nukaga 2009–2018
8 Wataru Takeshita 2018–2021
9 Toshimitsu Motegi 2021–2024

References

  1. ^ "Liberal Democratic Party".
  2. ^ a b "(PDF) Review of Policies Against Secular Stagnation in Japan".
  3. ^ a b "Abenomics: The Reasons It Fell Short as Economic Policy". 19 January 2022.
  4. ^ "Economics of austerity don't add up". 15 August 2012.
  5. ^ a b "The Roles of Nationalism in Neoliberalisation". ir.canterbury.ac.nz.
  6. ^ "Japanese Welfare Politics after the 1990s: Continuities and Changes in Neo-liberal Era" (PDF). tokyo-metro-u.repo.nii.ac.jp.
  7. ^ McCurry, Justin (21 December 1999). "Japan tries £500bn kickstart" – via The Guardian.
  8. ^ "Some remarks about deflation in the case of Japan". www.nnpub.org.
  9. ^ https://www.jstor.org/stable/4407155
  10. ^ https://www.oxfordreference.com/display/10.1093/oi/authority.20110803100244212
  11. ^ "The Great Transformation of Japanese Capitalism (1980-2010)" (PDF). Archived from the original (PDF) on 21 September 2020.
  12. ^ https://www.mofa.go.jp/policy/economy/measure99/index.html
  13. ^ https://www.keidanren.or.jp/english/policy/pol088.html
  14. ^ Neoliberalism and Labour Inequality in Japan Ramifications of Neoliberal Policies in the Japanese Labour Market by Kyriaki “Sandy” Galaiou
  15. ^ "Discourses on Neoliberalism in Japan" (PDF). Archived from the original (PDF) on 9 March 2016.
  16. ^ "Neoliberal Cycles and Solidarity Economies: A comparative study of Argentina and Japan" (PDF). Archived from the original (PDF) on 29 September 2023.
  17. ^ "Whither Japan's Economy?" (PDF). Archived from the original (PDF) on 20 July 2025.
  18. ^ "The Japanese Economy and Economic Policy in Light of the East Asian Financial Crisis" (PDF). Archived from the original (PDF) on 8 December 2021.
  19. ^ "The Great Recession: Lessons for Macroeconomic Policy from Japan" (PDF). Archived from the original (PDF) on 12 August 2017.
  20. ^ "A contrarian view of how 'austerity' bleeds Japan". February 2011.
  21. ^ Tsunekawa, Keiichi (2018). "8. Japan". Two Crises, Different Outcomes. pp. 185–215. doi:10.7591/9780801455025-012. ISBN 978-0-8014-5502-5.
  22. ^ Johnston, Eric (28 October 2020). "Two LDP factions face uncertain future after losing in race to fill Japan's top job". The Japan Times. Retrieved 10 September 2022.
  23. ^ Bosack, Michael (4 January 2022). "The Evolution of LDP Factions - Tokyo Review". Retrieved 10 September 2022.