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Japan voters back PM Abe's efforts to spur growth, beat deflation

Published on Jan 14, 2013 11:34 AM
Aman walks past the headquarters of the Bank of Japan in Tokyo. Bank of Japan and Japan's new government will jointly set a two per cent inflation target in a bid to fight deflation, news reports said on Monday. -- PHOTO: REUTERS

TOKYO (REUTERS) - More than two thirds of Japanese voters support Prime Minister Shinzo Abe's cabinet, a media survey published on Monday showed, with many of them praising his efforts to battle deflation and stimulate the economy.

Mr Abe took office last month after his conservative Liberal Democratic Party's (LDP) landslide election victory on Dec 16, promising to revive the world's third-biggest economy with bold monetary easing and big spending by the debt-laden government.

Support for Mr Abe's cabinet stood at 68 per cent, the Yomiuri newspaper's latest survey showed, up from 65 per cent in a previous poll taken shortly after he took office.

The survey was taken over the weekend after Mr Abe's cabinet approved on Friday US$117 billion (S$142 billion) spending to stimulate growth, bringing a total stimulus package to 20.2 trillion yen including spending by local governments and private-sector firms.

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