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Japan PM: ex-PM Abe's Abenomics not enough to create sustainable economy

by Reuters
Tuesday, 18 January 2022 12:08 GMT

TOKYO, Jan 18 (Reuters) - Japanese Prime Minister Fumio Kishida said on Tuesday that steps taken under former premier Shinzo Abe's "Abenomics" policy of massive monetary and fiscal stimulus were not enough to create a sustainable and inclusive economy.

Under his "new capitalism" policy, Kishida aims to help create a virtuous cycle of economic growth and wealth distribution, he said during a speech at the World Economic Forum's virtual Davos Agenda conference.

(Reporting by Kiyoshi Takenaka; Editing by Catherine Evans)

Our Standards: The Thomson Reuters Trust Principles.


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