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Press Review: Ahead of election win, Japan's Abe pivots away from painful reforms
Ahead of election win, Japan's Abe pivots away from painful reforms
TOKYO, Dec 12 (Reuters) - Prime Minister Shinzo Abe is signalling that retooling Japan's economy with painful structural reforms must take a back seat to reviving growth, even though he is poised to win a big referendum on his economic policies in an election on Sunday.
In the three weeks since he delayed a sales tax increase and called the election, Abe has shifted the debate from curbing the government's runaway debt to finding ways to stimulate the economy and put more money in voters' hands.
For example, policymakers say they are considering shopping vouchers for lower-income earners that would cover a portion of the cost of goods and services.
IEA Cuts Global Oil Demand Forecast for 4th Time in Five Months
Global oil demand next year will be weaker than previously estimated and supply from non-OPEC producers will be bigger, theInternational Energy Agency said.
Ruble Surrounds Nabiullina With Rotten Choices: Russia CreditThe
Russian central bank Governor Elvira Nabiullina is running out of policy options for stabilizing the ruble without inflicting deeper damage to the economy.
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