2015-09-24 22:30

Abe Seeks to Reboot Abenomics With Shift to Social Spending

Japan's Prime Minister Shinzo Abe.  Issei Kato (Reuters / Scanpix)
Japan's Prime Minister Shinzo Abe. Issei Kato (Reuters / Scanpix)
Prime Minister Shinzo Abe unveiled a new economic growth target and vowed to halt Japan‘s population slide, as he seeks to claw back support after the passage of unpopular defense bills.

Abe made the remarks following his official reappointment Thursday to a second three-year term as leader of the ruling Liberal Democratic Party. Shifting his focus, he avoided mentioning his trademark policies of monetary easing, fiscal spending, as well as tricky regulatory reforms that many economists say are already too slow.

Instead, he laid out what he called the three new „arrows“ of his Abenomics plan:

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