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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
Add BT as a preferred sourcePublished Mon, Jun 22, 2015 · 09:50 PM
Tokyo
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 released a draft strategy aimed at boosting Japan's growth potential by way of raising capital investment in areas such as robotics and artificial intelligence to offset the impact of an ageing society and labour shortage.
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