The Nikkei 225 stock index dived 6.35 per cent to finish at 12,445.38 yesterday, erasing almost all its gains since the Bank of Japan unveiled a plan on April 4 to double the size of the country's monetary base.
Abenomics describes the plans of Japanese Prime Minister Shinzo Abe to revive growth in the world’s third largest economy, which is struggling to find traction under the impact of a strong yen and stubborn deflation.
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