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Can Shinzo Abe kickstart the Japanese economy?

2020 was meant to be a year of triumph for Tokyo. The reality has proved very different

By David Warren  

Photo: Yoshio Tsunoda/AFLO/PA Images

With a 117 trillion yen (£877bn) stimulus announced on 27th May, to be funded by the second supplementary budget in two months, Japanese Prime Minister Shinzo Abe hopes to kickstart Japan’s economy back into activity.

In May, the world’s third-largest economy entered recession, shrinking by 3.4 per cent in the first quarter of 2020, after a 6.4 per cent decline in the last quarter of 2019. Then, it was Typhoon Hagibis and…

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