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Economy

xchrom

(108,903 posts)

17. Akira Amari: Abenomics may take 10 years to work

Reply to Tansy_Gold (Original post)

Tue Oct 8, 2013, 07:11 AM

Oct 2013

http://www.bbc.co.uk/news/business-24440893

Japan's aggressive policies aimed at reviving its economy may take 10 years to have a full impact, Akira Amari, Japan's minister in charge of economic revitalisation, has told the BBC.

Known as Abenomics, these include easing monetary policy, boosting stimulus and reforming key sectors.

Some of these steps have already been introduced and have boosted growth.

But he warned that while it is easy to implement monetary stimulus measures, scaling them back can be tricky.

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