Japanese Prime Minister Shinzo Abe said on Tuesday that a “positive cycle” was appearing in the country’s economy as rising corporate revenues lead to higher wages and household income.
But Abe said the recovery has yet to reach broader sectors of the economy, stressing the need to ensure the positive economic cycle does not end up as a temporary phenomenon.
“The mandate of ‘Abenomics’ is to make people across Japan feel the benefits of the economic recovery,” he told a news conference.
via Economic Times
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