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Shinzo Abe

Japan economy changed course with Abe's policy: U.S. economists

'Abenomics' remebered for stemming deflation spiral and promoting women's role

"Abenomics has been a truly revolutionary policy," said Adam Posen, president of the Peterson Institute for International Economics.    © Reuters

NEW YORK -- Japan's former Prime Minister Shinzo Abe, who was shot and killed Friday, spent most of his tenure battling the country's long-lasting deflation and low growth, and left his footprint with his flagship economic policy known as "Abenomics."

That policy consisted of three arrows -- working with the Bank of Japan to promote ultra-loose monetary policy, bold fiscal stimulus and structural reforms.

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