
“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
Related posts:
Iran Receives 13 Tons of Gold in Sanctions Relief
Why Gordon Brown sold Britain's gold at a knock-down price [2012]
Fighting marijuana ... or reality?
Foster parents of separated immigrant children 'don't know how much worse it could be'
IMF approves 1.7 bn euro loan payout to Greece
FDA probes deaths linked to Monster Energy drinks
100 Bitcoin ATMs will arrive in Spain in the next three months
China's state newspaper praises Edward Snowden for 'tearing off Washington's sanctimonious mask'
UK businessman found guilty of selling fake bomb detectors to Iraq
A Swedish Police Taskforce Raided a Bunch of Teenagers Playing Call of Duty
These Guys Want to Lend You Money Against Your Bitcoin
Egypt protests galvanized by video of police beating naked man
Extra! Extra! New daily papers arrive as Myanmar lifts press monopoly
Neuroscientists discover how to implant false memories in the brain
What the last Nuremberg prosecutor alive wants the world to know