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Seven Samurai

G7 pact offers minimal cover for Abenomics reset

Quentin Webb 

Quentin Webb A Group of Seven compromise offers minimal cover for Shinzo Abe. The Japanese prime minister's plan to revitalise the world's third-largest economy needs fresh impetus. Abe didn't get as much international backing as he might have liked from hosting the rich nations' club. But, the summit communique can, just about, be spun his way. Abe's counterparts, understandably, do not share his view that the world risks another Lehman Brothers-style financial crisis. That is important because Abe has inexplicably committed to raising the country's sales tax next April, a ...

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First Published: Fri, May 27 2016. 21:20 IST