Tokyo, September 25. Prime Minister Shinzo Abe's updated plan for reviving japan's economy and achieving a GDP target of 600 trillion yen ($5 trillion) suggests recognition that earlier policies are not doing the trick.
Abe took office in late 2012 vowing to end deflation and rev up growth through strong public spending, lavish monetary easing and sweeping reforms to help make the economy more productive and competitive. So far, those "three arrows" of this plan have fallen short of their targets.
"Tomorrow will definitely be better than today!" Abe declared on national television. Agencies.