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Japan eyes biotech, innovation in efforts to bolster jobs, economy

By Cornelia Zou
Staff Writer

Wednesday, April 16, 2014

TOKYO – Japan's Prime Minister Shinzo Abe is counting on a program of "three arrows" to continue revitalizing his country's economy. The first two arrows in his quiver are massive monetary easing and targeted fiscal support. The third, and possibly the most important arrow in the long term, is a series of structural reforms. High up on the list of the reforms is a somewhat radical shift in the way Japan approaches medical and biotechnology research.

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