Abenomics’ ‘third arrow’ key to revitalising Japan’s economy

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OECD - Abenomics’ ‘third arrow’ key to revitalising Japan’s economy

The Japanese economy is expected to return to growth, but fundamental structural reforms are needed to promote a more robust recovery, help ensure long-term fiscal sustainability and close the gap in living standards with the leading OECD countries, according to the latest OECD Economic Survey of Japan. The Survey, presented in Tokyo by OECD Secretary-General Angel Gurría, highlights the impact of Abenomics - the government's ongoing use of bold monetary policy, flexible fiscal policy and a reform-driven growth strategy - to revitalise the economy and defeat deflation.  The OECD expects GDP growth of 1% this year and 1.4% in 2016.


Apr 20 2015