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With Japan looking like it's sliding into its fifth recession in 15 years and an election just...

  • Friday, November 30, 2012, 3:56 AM ET
    With Japan looking like it's sliding into its fifth recession in 15 years and an election just over two weeks away, the government will dip into reserve funds to spend Y880B ($10.7B) on the second stimulus package that the cabinet has approved in just over a month. "The total size is not enough to really boost gross domestic product, especially for early next year," says RBS's Junko Nishioka.
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  • ''reserve funds''???? What on earth are they talking about. Last time I checked Japan had a 220% DEBT/GDP and rising rapidly. They put Greece to shame. Japan is the poster boy for Keynesian stimuli.
    30 Nov 2012, 04:48 AM Reply Like
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