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Japan approved a new policy blueprint on Friday that sought to focus on boosting wages and the economy’s growth potential, with the hope that the country is now on the cusp of breaking with deflation and moving toward what it dubbed a “new stage.” The plan, endorsed by the Cabinet of Prime Minister Fumio Kishida, acknowledges the fragile state of the economy and especially private consumption, saying that the government should keep close tabs on the impact of a weak yen, which inflates import costs. The government stuck to its fiscal rehabilitation goals but did not go further in setting a mor…

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