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Japan GDP surges in size but chiefly because of accounting changes

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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