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The Reshaping of the World

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The Reshaping of the World

Vision from Japan

World Economic Forum,

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Can Prime Minister Shinzō Abe’s reform program revive Japan’s faltering economy?

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Editorial Rating

7

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  • Well Structured
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Recommendation

Shinzō Abe acts as a “drill bit” in the Japanese economy; he “breaks through the solid rock of vested interests.” Upon his re-election as prime minster of Japan in December 2012, Abe undertook radical reforms to end decades of stagnation. In this 2014 presentation to the World Economic Forum, Abe outlines his optimistic vision for his nation. Though Japan faces hefty challenges, including an aging population and large public debt, getAbstract recommends Abe’s talk to international investors seeking a blueprint for the future of Japan’s economy.

Summary

For many years, Japan’s economy suffered from chronic stagnation and negative growth. In late 2012, Prime Minister Shinzō Abe instituted a three-pronged approach to economic reform – monetary easing, fiscal stimulus and policies to encourage private investment. These measures aim to redress Japan’s economic woes by sparking higher wages and greater consumption. Since the implementation of “Abenomics,” Japan has enjoyed a positive growth rate. A renewed sense of optimism now permeates Japan’s society and economy.

Abe’s far-reaching...

About the Speaker

Shinzō Abe is prime minister of Japan.

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