Japan's New Growth Strategy: Bring Rapid Reform by Shinzo Abe

Place Japan on a path to recovery. This is the task that was given to me. Prolonged deflation has been a major challenge and one that has persistently held Japan back. If the real value of money is higher than the value of goods (the very definition of ‘deflation’) then it is inevitable that corporate investment will be discouraged as a result and household consumption will decrease. The path ahead is challenging. In many ways, those worst affected by deflation are the younger generation. I worry that the vitality and energy of Japan’s youth may gradually disappear. My colleagues and…