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Abe Plans Stimulus of More Than 28 Trillion Yen, Kyodo Says

From bloomberg.com

Japanese Prime Minister Shinzo Abe announced plans for more than 28 trillion yen ($265 billion) in economic stimulus in an effort to prop up the economy, Kyodo News reported. The plan will include 13 trillion yen in "fiscal measures," according to Jiji News, without specifying what that meant. There was no report of how much of the package would be new spending. Abe, speaking in the southern city of Fukuoka on Wednesday, said the package would be compiled next week, Kyodo said. In the days after Abe’s ruling coalition won a big victory in the upper-house election on July 10, he ordered that a stimulus package be ... (full story)

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