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Abe signals shift in emphasis of Abenomics

Going beyond using monetary stimulus and making calls to raise personal consumption, he now wants to persuade businesses to raise capital expenditure to spur growth

A growth-strategy paper released by Mr Abe's government pointed out that as the working-age population cannot be expected to expand by much for now, Japan will face limits to growth unless it boosts productivity - and this boost can come if businesses make more capital investments.


IN an apparent shift of emphasis in his "Abenomics" strategy for the economy, Prime Minister Shinzo Abe announced on Monday that he would launch a dialogue with companies to persuade them to step up productivity-boosting capital investment.

The announcement came as Tokyo...

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