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Elevating stagnant wages is Tokyo’s top priority and anti-deflation tool, necessary in creating a virtuous cycle of rising prices and incomes that boosts economic growth.
The economy is increasingly dependent on the mining sector and on mineral sales to China. The domestic economy remains hampered by depressed internal demand.
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DOI: 10.1108/OXAN-DB286471
ISSN: 2633-304X
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Topical
The primary surplus (0.6% of GDP) was driven by a 35% real fall in primary spending, which offset a recession-induced 4.5% drop in revenues. Month-on-month inflation has also…
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DOI: 10.1108/OXAN-DB286714
ISSN: 2633-304X
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However, although output has grown, a tight labour market and persistent inflation have created new problems. The reorientation of trade away from Europe has resulted in a…
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DOI: 10.1108/OXAN-DB285374
ISSN: 2633-304X
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Geographic
Topical
Efforts to attract foreign investment to Northern Ireland have so far failed to bring about the desired results, owing to long-term issues that undermine investment, including low…