ZURICH, SWITZERLAND – Prime Minister Shinzo Abe landed in Switzerland on Tuesday to attend the World Economic Forum in Davos, where he will brief other leaders and businesspeople on his policies to revive the Japanese economy by bringing to an end nearly two decades of deflation.
Abe will be the first Japanese prime minister to join the opening session of the annual forum, delivering a keynote speech Wednesday. He will speak about his structural reforms aimed in particular at wooing foreign investment, Japanese officials said.
The administration is stepping up efforts to end persistent deflation through the “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 other participants on the sidelines of the event, such as prominent international investor George Soros. Abe will return to Tokyo on Thursday.