The G20’s bold plan to boost their collective GDP by more than 2% over the next five years contains many of the elements of the policies, collectively known as “Abenomics”, adopted by PM Abe’s government in Japan. However, the slow pace of progress in Japan underlines the challenges facing policy-makers elsewhere in delivering this ambitious agenda. The world’s major central banks will also have to play a full part by keeping monetary policy loose for an extended period.
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