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Abenomics will only heighten the financial tsunami poised to hit Japan

TOKYO -- The much-awaited "third arrow" of Prime Minister Shinzo Abe's economic revitalization program is likely to fall short of the mark, according to a former economist at Japan's powerful Ministry of Finance.

     To keep its public finances out of crisis, Japan must drastically reform -- even privatize -- its pension, healthcare and other social security systems, according to Kazumasa Oguro.

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