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Abenomics and a Japanese economy on steroids

As the targets of Abenomics still appear to be beyond reach, the economic ambitions of the Abe-Kuroda nexus are being challenged in some quarters

Japan's economy stumbles now at an average annual rate of one per cent or so (roughly where it was before Mr Abe came to power in 2012) and inflation averages around zero.


IMAGINE a racehorse which once led the field among Asian runners but which has since slowed with age to the point where it seems that no end of whipping, spurring or even injecting with steroids can bring the animal back to anything like its previous form. It is like "flogging a...

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