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.

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Comments (2)
  • DeepValueLover
    , contributor
    Comments (11175) | Send Message
     
    Japan is broke.
    1 Oct 2013, 08:06 AM Reply Like
  • keentolearn
    , contributor
    Comments (137) | Send Message
     
    How they will going to finance all these in the middle of aging population, rising china, doomed global economy, $10 Trillion existing national debt?
    9 Oct 2013, 06:20 AM Reply Like
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