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


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.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Bangladesh's BNP wins two-thirds majority in landmark election
Peru lawmakers gather support to call for debate to oust president Jeri
US, Taiwan finalise deal to cut tariffs, boost purchases of US goods
Ukraine's Zelenskiy: We have backed US peace proposals to get a deal done
China's Sun Long wins silver in men's 1,000m short track speed skating at Milan-Cortina (updated)
Australia's conservative opposition picks a new leader amid ratings slump
China opens women's curling campaign with victory at Milan-Cortina Games
North Korea says South Korea should take steps to prevent violation of its sovereignty
U.S. stocks close lower
Medal table at Milan-Cortina Winter Olympics on February 12

Others Also Read