The leaders of the Group of Eight called Monday for decisive action to nurture a sustainable recovery at their summit in Northern Ireland, where they gathered to discuss ways to spur the world economy.

Prime Minister Shinzo Abe, resolved to end nearly two decades of deflation and revive Japan's economy, explained his economic and fiscal policies to his fellow G-8 chiefs, turning "Abenomics" into an international commitment in the process.

"I received positive evaluations from the leaders of other countries about Japan's economic policy," Abe told reporters afterward, adding that his peers view the nation's economy, which he said is on a recovery track, as positive for the global growth.