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Abe leaves for Davos to join World Economic Forum

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(Globalpost/GlobalPost)

Prime Minister Shinzo Abe left for Switzerland on Tuesday to attend the World Economic Forum in Davos, where he will brief other leaders and business people on Japan's policies to revive the economy by ending its nearly two decades of deflation.

Abe will become the country's first prime minister to join the opening session of the annual forum on Wednesday, delivering a keynote speech. He will speak about his structural reforms particularly aimed at wooing foreign investment to Japan, according to Japanese officials.

Tokyo is stepping up efforts to end persistent deflation through the so-called "Abenomics" policy mix of monetary and fiscal stimulus as well as a growth strategy including deregulation and corporate tax easing.

Abe is also expected to hold talks with some other participants on the sidelines of the event, such as prominent international investor George Soros. Abe will return home Thursday.

==Kyodo

http://www.globalpost.com/dispatch/news/kyodo-news-international/140121/abe-leaves-davos-join-world-economic-forum