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Japan's Prime Minister Shinzo Abe has addressed the country's key business leaders and economic officials at a New Year gathering1.
Abe stressed the importance of revitalizing the Japanese economy and he outlined the policies he hopes will achieve that goal. Statistics released in early December show Japan's economy shrank by 1.9 percent in the third quarter last year.
This caught many economists2 by surprise, as they thought the economy could recover sooner from the tax hike. Over a week ago, Japan approved a 3.5 trillion yen3, or 29 billion US dollar stimulus4 package, to spur consumption, as well as provide funds to ease the pain of inflation on businesses and consumers.
Japan's Prime Minister Shinzo Abe has addressed the country's key business leaders and economic officials at a New Year gathering.
1 gathering | |
n.集会,聚会,聚集 | |
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2 economists | |
n.经济学家,经济专家( economist的名词复数 ) | |
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3 yen | |
n. 日元;热望 | |
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4 stimulus | |
n.刺激,刺激物,促进因素,引起兴奋的事物 | |
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