Japan household spending at nine-year high as “Abenomics” gains momentum
By Stanley White and Kaori Kaneko TOKYO (Reuters) – Japan’s household spending surged in March at the fastest pace in nine years in a sign that Prime Minister Shinzo Abe’s bold efforts to end two decades of stagnation are lifting consumer confidence and setting the stage for an economic revival. A recent run of data has provided encouraging early hope that Abe’s push for aggressive fiscal and monetary policies to get the world’s third-largest economy motoring is having the desired effect. . . .
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