Japan emerging from stagnation

NUSA DUA, Indonesia: Japan has emerged from the “crossroads” of economic stagnation, with deep reforms and a massive spending package expected to put it back on the growth track, Prime Minister Shinzo Abe said on Monday.

Speaking to Asia’s top corporate executives at a summit, Abe said that through his three-pronged strategy to revive the Japanese economy, he has succeeded in “breaking through the mentality of economic stagnation that had been permeating Japan.”