But many economists think that, to boost export growth, the government should devalue faster once its fiscal measures have been approved.
Devaluation gave the export sector a boost and helped turn the trade balance as its products looked more attractive.
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Key to the changing sentiment has been the plunging yen, which hit a fresh three year-low of 95.45 per dollar Friday, helping boost Japan's big export sectors.
If the ailing Italian economy were to recover, it would boost the Balkan country's export industry following sluggish growth since the financial crisis, Zoran Milanovic told CNN.
In order to boost exports Obama has created an Export Promotion Cabinet, which includes several cabinet members, the president of the Export-Import Bank and other government officials.
Policymakers, meanwhile, have found it tough to boost domestic demand enough to offset the weaker export demand.
The group also wants to see incentives for small and medium-sized firms to employ apprentices to boost their skills as well as support for export firms.
Prime Minister Shinzo Abe took office in December, vowing to boost the economy by restoring Japan's export competitiveness, while at the same time stimulating demand at home through higher public works spending.
Antony Froggatt, an industry expert who has advised Greenpeace, points to export loans and guarantees as another unfair boost.
Similarly, places like Kansas City and the Dakotas are looking to boost their basic rail and road networks to support export-heavy industries.
In addition, and in keeping with our commitments at the last G20 in Cannes, we agreed that countries should not intervene to hold their currencies at undervalued levels, and that countries with large surpluses and export-oriented economies needed to continue to boost demand.
WHITEHOUSE: President Obama holds a Press Conference at the G20 Summit
In an important step forward, countries with large surpluses and export-oriented countries agreed to take additional steps to support growth and boost demand in their own countries.
WHITEHOUSE: President Obama��s Press Conference on the G20 Summit
These economies are popularly perceived as excessively export-dependent, flooding the world with cheap goods, but doing little to boost demand.
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The government also sought to boost the domestic economy by accelerating infrastructure programs, offering corporate tax breaks for employers to retain workers, and expanding export credit facilities.
China and many export-dependent economies in the region could loosen fiscal policy, while Japan's central bank could boost its asset purchases, he said, adding that efforts to trim external surpluses would reduce exposure to outside risks and support global growth.
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