real-time news and commentary for investors
Tuesday, Oct 1
Japan's Abe unveils ¥5T stimulus measures
- As widely expected, Japanese Prime Minister Shinzo Abe has unveiled a ¥5T ($51B) stimulus package to offset an increase in sales tax to 8% from 5%.
- The measures will include spending on public works and tax breaks to encourage companies to boost capital expenditures and wages.
- Finance Minister Taro Aso intends to avoid issuing fresh government debt to finance the stimulus, which will instead be funded with extra tax revenue and other sources.
- ETFs - Stocks: EWJ, NKY, EWV, EZJ, ITF, JSC, JPP, DXJ, SCJ, DFJ, FJP, JPNL, JPNS, DXJS. Bonds: JGBT, JGBL, JGBS, JGBD. Currency: FXY, JYN, YCL, YCS