TOKYO - Japanese Prime Minister Fumio Kishida said on Tuesday that steps taken under former premier Shinzo Abe's"Abenomics" policy of massive monetary and fiscal stimulus were not enough to create a sustainable and inclusive economy.help create a virtuous cycle of economic growth
Abenomics was deployed in 2013 to pull Japan out of economic stagnation, but it failed to close income gaps that widened as the ranks of workers in less-secure, low-paid jobs grew. On climate change, Japan aims to cooperate closely with other countries in Asia so that they can jointly tackle the imminent global challenge.
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