Japan's Abe Ready to Push for Drastic Reform

Japan's Abe Ready to Push for Drastic Reform

Since unveiling his economic reform plan, dubbed “Abenomics,” after returning to office two years ago, Japanese Prime Minister Shinzo Abe (pronounced “ah-bay”) has been dogged by doubts about his commitment to serious structural reform. His early moves of fiscal stimulus and monetary easing gave a short term boost to the world’s third-largest economy, but it fell back into recession in 2012 before emerging last quarter with a 2.2% growth rate.

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