Arrow or Dart? Japan's Abe unveils latest reform plan


  • World
  • Tuesday, 24 Jun 2014

TOKYO (Reuters) - Prime Minister Shinzo Abe unveiled a package of measures on Tuesday aimed at boosting Japan's long-term economic growth, from phased-in corporate tax cuts to a bigger role for women and foreign workers, but applause from investors is likely to be muted after Tokyo backpedalled on bolder reforms.

Japan's economy has shown signs of revival since Abe took office 18 months ago pledging to end deflation and generate sustainable growth with a triple-pronged strategy he called his "Three Arrows", but policymakers acknowledge that more must be done to cement the recovery after two decades of stagnation.

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