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Prime Minister Shinzo Abe would do well to consult professor Noriko Hama of Doshisha University. Asked by The Japan Times what the country needs, she replied in feisty fashion: “The three things Japan should do in 2013 are raise wages, raise interest rates — and cut the crap.”

It was good advice, which challenges some obvious deficiencies in “Abenomics” as economists call the new policy of new Prime Minister Shinzo Abe.

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