Last year Japan's economy finally refound some backbone, with strong growth, better company earnings, falling unemployment and the key stock index soaring by a half to a six-year high, thanks mainly to Prime Minister Shinzo Abe's economic measures, the so-called "Abenomics."
The positive effect of Abenomics will continue to benefit Japan this year, company executives and economists said. Japan will see wage hikes, surging stock prices, a comfortable exchange rate, and an increase in capital spending and individual consumption, they said.
Abe attended an annual meeting of the World Economic Forum, dubbed Davos after the Swiss resort where it is held, which started Wednesday. He presented the achievements of Abenomics to an audience of the world's political and business leaders.
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