Japan Prepares Stimulus After Unexpectedly Tumbling to Recession
From bloomberg.com
Japan signaled it will pull together a stimulus program to shore up the world’s third-largest economy after it slumped into a fourth recession since 2008. Economy Minister Akira Amari told reporters in Tokyo today that there’s a high chance of a package being needed. Etsuro Honda, an adviser to Prime Minister Shinzo Abe, said that a 3 trillion yen ($26 billion) program was appropriate and should go to childcare and other measures to directly help households. Abe returned to Japan today from attending a Group of 20 summit in Australia where leaders pledged to take steps to boost global growth. Hours before his ...
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