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Japan approves massive stimulus package

Aug. 02, 2016 3:29 AM ETEWJ, JEQ, JOF, DFJ, DXJ, JSC, JPP, EWV, SCJ, EZJ, DBJP, FJP, JPNL, DXJS, HEWJ, DXJF, DXJR, DXJC, DXJH, DXJT, JPMV, QJPN, JHDG, JDG, HGJP, JPN, HFXJ, JPNH, HJPX, JPXN, FXJP, DEWJ, GSJY, JNMFBy: Yoel Minkoff, SA News Editor169 Comments
  • Looking to jolt the nation back to life, Japanese Prime Minister Shinzo Abe's cabinet has approved a ¥28T ($274B) stimulus package amid a growing consensus that monetary policy alone won't be able to revive the economy.
  • According to Dow Jones, the stimulus package ranks among Japan's biggest since the global financial crisis, and will: Lift GDP by 1.4%, include childcare benefits, provide $150 handouts to 22M low income people, loan ¥10.7T for infrastructure and provide ¥7.5T for direct fiscal spending.
  • ETFs: DXJ, EWJ, DBJP, DFJ, JOF, JPNL, DXJS, EZJ, JEQ, EWV, HEWJ, SCJ, JPXN, JSC, JPP, DXJH, QJPN, JHDG, JPMV, DXJF, FJP, DXJR, DXJT, JPN, HGJP, DXJC, JDG, HFXJ, HJPX, JPNH, DEWJ, GSJY, FXJP, DDJP

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