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Nikkei surges 2.3 pct as Japan media reports PM Abe to announce $254 billion stimulus

From cnbc.com

Japanese stocks rebounded from Tuesday's sell-off as most Asian markets waffled on Wednesday ahead of key central bank decisions as well as major earnings reports due in Japan and South Korea. The benchmark Nikkei 225 surged up 2.32 percent, while the Topix was up 1.56 percent, getting an additional fillip after Japan's Fuji TV reported that a closely watched upcoming fiscal stimulus package could be as high as 27 trillion yen ($254 billion) and could be announced as early as Wednesday afternoon. Analysts had previously anticipated a stimulus package of 10 trillion to 20 trillion yen. In the wake of the report, the ... (full story)

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