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Economy

Abe's 'new mercantilism' bears fruit for Japan

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Japan's Prime Minister Shinzo Abe   © Reuters

TOKYO -- Just days before taking office in December 2012, Shinzo Abe told his close aides to develop a strategy for promoting Japan's infrastructure exports as a key component of his policy agenda.

     "In this age of global competition, the government shouldn't hesitate to provide policy support to individual companies," Abe told a group of advisers including Takaya Imai, who now serves as the prime minister's chief secretary.

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