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Japan GDP surges in size but chiefly because of accounting changes

Friday, December 9, 2016 - 05:50

Mr Abe announced his seemingly bold new economic target (to push nominal GDP up by 100 trillion yen in the space of five years) at a time when his popularity with voters had slid.


WHEN Japan's Prime Minister Shinzo Abe announced in September 2015 that he was targeting a roughly 100 trillion yen (S$1.2 trillion) - or 20 per cent - increase in the size of the world's third-largest economy by the year 2020, some argued that the target was absurdly over-ambitious

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