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TOKYO—Japan’s subsequent chief will face a query many different nations at the moment are grappling with due to the coronavirus pandemic: How a lot can central banks do to drag economies out of a deep malaise?
Shinzo Abe, who stated Friday he would resign after practically eight years in workplace due to sickness, leaned closely on the Bank of Japan’s aggressive financial easing in his “Abenomics” plan to revive the financial system. Corporate earnings and the inventory market surged, but progress was usually sluggish, even earlier than the pandemic.
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