Japan Set to Unleash New Stimulus Package

To protect the country's still-weak economic recovery from the effects of deflation and a stronger yen, the Japanese government is moving closer to boosting a stimulus effort that could total more than $80 billion, reports the Wall Street Journal, citing a government official.


According to the newspaper, the four trillion yen ($46.1 billion) package is expected to finance measures such as loan guarantees for small companies and incentives for consumers to buy more energy-efficient electronics.


The Journal says the package also includes an additional three trillion yen to be spent on covering local government tax revenue losses.

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