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Abe’s Defense of Economic Record Glosses Over Japanese Recession

To hear Prime Minister Shinzo Abe’s confident defense of his economic policies in calling snap elections yesterday, you’d never know the world’s third-biggest economy just slipped into a recession.

“The three arrows are beginning to show definitive results,” he said, referring to his policies of monetary easing, fiscal spending and structural reform. He backed his assertion with figures showing rising wages in an improving labor market.