At a news conference following the 2013 Group of Eight developed nations' summit June 17-18 in Enniskillen, Northern Ireland, Prime Minister Shinzo Abe said that G-8 leaders expressed strong support for his economic policy by stating that the revival of the Japanese economy will give a great boost to the global economy.
In fact, British Prime Minister David Cameron, who served as chair of the summit, praised Mr. Abe's attempt at Japan's economic revival. Italian Prime Minister Enrico Letta said that he would like to emulate Mr. Abe's economic policy as a good model for economic resuscitation.
But Mr. Abe should not indulge in self-congratulations. He must realize that he faces the extremely difficult task of putting the Japanese economy on a steady path of recovery while simultaneously reconstructing the nation's finances and avoiding economic frictions with other countries.
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