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Searching for the elusive third arrow

NEW YORK -- Most economists say Japan needs to put its fiscal house in order. The question is how and within what time frame. Prime Minister Shinzo Abe called his decision to put off a second sales tax increase, initially slated for October 2015, a "grave" one. But given that the hike to 10% from 8% will be delayed by only 18 months, is the situation really that serious?

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