TOKYO: Japan’s economy slipped into recession for the second time since Prime Minister Shinzo Abe came to power nearly three years ago, data showed on Monday, dealing a fresh blow to his drive to kickstart weak growth and end years of deflation.
Abe has staked his reputation on a policy blitz of fiscal spending, aggressive monetary policy easing and structural reforms—dubbed Abenomics—aimed at reviving the world’s third-largest economy
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