Indeed, macroeconomic policies initiated by Takahashi have many similarities with the economic policies under Prime Minister Shinzo Abe; namely, the first and second “arrows” of “Abenomics.” It is for this reason that the Takahashi Economic Policy is viewed as playing a pioneering role in Abenomics.
The basic thinking behind the Takahashi Economic Policy was to manage aggregate demand through both fiscal and monetary policies, and this coincided with Keynesian principles. What is noteworthy about Takahashi’s policy package is that it was put in place before Keynesian economics became established.