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Seven Samurai

G7 pact offers minimal cover for Abenomics reset

Quentin Webb 

Quentin Webb AGroupofSevencompromiseoffersminimalcoverforShinzoAbe.TheJapaneseprimeminister'splantorevitalisetheworld'sthird-largesteconomyneedsfreshimpetus.Abedidn'tgetasmuchinternationalbackingashemighthavelikedfromhostingtherichnations'club.But,thesummitcommuniquecan,justabout,bespunhisway. Abe'scounterparts,understandably,donotsharehisviewthattheworldrisksanotherLehmanBrothers-stylefinancialcrisis.ThatisimportantbecauseAbehasinexplicablycommittedtoraisingthecountry'ssalestaxnextApril,a ...

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