Japan approves £73bn stimulus package

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“The government will spend the funds on public works, incentives for corporate investment and financial aid for small firms to help the economy emerge from a mild recession triggered by falling exports last year.  It expects the stimulus to raise real economic growth by 2 percentage points and create 600,000 jobs. The government will sell around 5 trillion yen more bonds than originally planned for the current fiscal year to fund the stimulus, a government official said. Mr Abe is gambling that a shift to a more expansionary fiscal policy and more monetary easing from the central bank can end years of stop-start growth.”

http://www.telegraph.co.uk/finance/financialcrisis/9794940/Japan-approves-73bn-stimulus-package.html

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