Japan unveils long-term economic goals

TOKYO: Japan’s government said it aimed for economic growth of more than 2% over the next decade, but its long-term plan unveiled yesterday lacked detail needed to convince investors the goal is realistic.

The world’s second-largest economy emerged from recession in the second quarter, but persistent declines in prices and wages and ballooning public debt threatening Japan’s credit rating have fuelled doubts whether the export-led recovery can be sustained.