Breaking News Bar
updated: 1/10/2013 7:04 AM

Japan revs up stimulus, aiming at economic rebound

hello
Success - Article sent! close
  • Shinzo Abe

      Shinzo Abe
    Associated Press

 

TOKYO -- Japan's ruling Liberal Democratic Party is in the final stages of drafting fresh stimulus spending reportedly totaling more than 20 trillion yen ($227 billion), rushing to fulfill campaign pledges to act more aggressively to break the world's third biggest economy out of its deflationary slump.

Economy minister Akira Amari and Prime Minister Shinzo Abe discussed details Thursday of the proposed stimulus package ahead of an announcement expected on Friday.

Order Reprint Print Article
 
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.
Need more information about reprints? Visit our Reprints Section for more details.

Contact information ( * required )

Success - request sent close

Abe took office last month vowing to make reviving the economy his top priority and promising support both to small businesses and big industries such as the auto sector.

The bulk of the spending will go to supporting industrial revitalization and reconstruction from Japan's March 2011 earthquake and tsunami disasters. It also includes plans to boost defense spending.

Share this page
Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.
    help here