日本

Japan bets on growth to curb debt as Abe reveals three-year plan

Ski instructors are among the foreign workers who could find it easier to live in Japan after the government revealed an economic strategy that pledges a three-year dash for growth and no extra tightening of fiscal policy until 2018 or beyond.

The draft plan, expected to be approved by Japan’s cabinet next week, shows Shinzo Abe, prime minister, is betting on higher growth rather than fiscal measures to tackle the world’s largest public debt of 246 per cent of gross domestic product.

It outlines several measures to add to the “third arrow” of Mr Abe’s stimulus strategy, which is aimed at boosting growth — including a revamp of national universities and allowing the tourist and IT industries to hire foreign workers — and shows his determination not to choke the economy with a premature fiscal squeeze.

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