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Japan to Unveil Details of Fiscal Stimulus as Early as Thursday
Japanese Prime Minister Shinzo Abe is expected to announce a stimulus package as soon as Thursday to support growth in an economy contending with an export slump, natural disasters and the fallout from a recent sales tax increase. The stimulus measures are likely to have a headline figure of about 25 trillion yen ($230 billion), according to a senior Abe administration official, making it equivalent to around 4.5% of gross domestic product at face value. Still, economists and investors will be watching how much fresh spending the package actually contains and how much financing it will require. With the package, Abe ... (full story)