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Japan: Cabinet Approves 61.3 Billion Dollar Stimulus |
| Source: |
newsonjapan.com |
| Source Date: |
Friday, October 08, 2010 |
| Focus: |
E-Procurement
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| Country: |
Japan |
| Created: |
Oct 10, 2010 |
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The Japanese cabinet on Friday approved a new stimulus package worth 61.3 billion dollars to help shore up an economy hit hard by deflation and the impact of a strong yen. The 5.05 trillion yen package will be financed by an extra budget, which the government is trying to finish by the end of this month. The package may boost Japan's gross domestic product by as much as 0.6 percent while helping to safeguard jobs, the Nikkei newspaper said. Japan's export-led recovery has shown signs of slowing recently. Exports expanded at their slowest pace this year in August, amid falling overseas demand, while consumer prices continue to drop.
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Japan: Cabinet Approves 61.3 Billion Dollar Stimulus The Japanese cabinet on Friday approved a new stimulus package worth 61.3 billion dollars to help shore up an economy hit hard by deflation and the impact of a strong yen
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