Shinzō Abe was heralded for his plot to pull Japan out of deflationary spiral but programme is on brink after dismal weekNot long ago,Shinzō Abe was being heralded for the early success of his grand design to bring Japan out of a deflationary spiral that had haunted the world’s third-biggest economy for two decades.
Soon after Abe became prime minister in December 2012, the first two of the three tenets of his “Abenomics” programme – monetary easing and fiscal stimulus – were having the desired effect.
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Source: theguardian.com