Friday, March 13, 2009

Japan Plans New Economic Stimulus Package

Japan announced the implementation of a new 100-trillion yen economic stimulus package lately. The details of the package are however to be made public only in the beginning of April 2009.


Japan had already introduced several stimuli packages earlier worth a total of 75 trillion yen. They are made up of two extra budgets for the current fiscal year and the principal budget for the next fiscal 2009 with fiscal spending of 12 trillion yen.


The plan will be presented at a meeting of G20 leaders in April in London.

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