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Fresh focus for Abenomics: New social programs

Nov. 27, 2015 3:01 AM ETEWJ, JEQ, JOF, DFJ, DXJ, JSC, JPP, EWV, SCJ, EZJ, DBJP, FJP, NKY-OLD, JPNL, DXJS, HEWJ, DXJF, DXJR, DXJC, DXJH, DXJT, JPMV, QJPN, JHDG, JDG, HEGJ, HGJP, JPN, JPXN, FXJPBy: Yoel Minkoff, SA News Editor10 Comments
  • Japan's Prime Minister Shinzo Abe has ordered Cabinet ministers to prepare an extra spending package (likely over ¥3T), including cash handouts for the poorest pensioners, to boost the country's stalling recovery.
  • The measures reflect a new focus for Abenomics, which has been criticized for benefiting mostly big businesses instead of the average Japanese.
  • Data for October released Friday: Japan's jobless rate fell to a 20-year low of 3.1%, but household spending fell 2.4% and average incomes fell 0.9%.
  • Nikkei -0.3% to 19,884.
  • ETFs: DXJ, EWJ, DFJ, DBJP, NKY, JOF, EZJ, JEQ, JPNL, DXJS, EWV, SCJ, HEWJ, JSC, JPXN, JPP, QJPN, FJP, JPMV, DXJT, DXJC, DXJR, DXJH, JHDG, DXJF, HEGJ, JDG, JPN, FXJP, HGJP

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