WASHINGTON (Kyodo) World Bank President Robert Zoellick indicated Monday that Japan should boost growth driven by domestic demand because its export-led growth model may no longer work.

“It is not clear that the old export model of growth will be sustainable in a more balanced global economy that does not rely so heavily on the U.S. consumer,” he said in a speech in Washington.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.