Japan's Abe announces $116B stimulus plan to reverse deflation

01/10/2013 | Bloomberg · Market News International · NHK World (Japan)

Japanese Prime Minister Shinzo Abe, in his first major action since taking office, announced a $116 billion spending program aimed at reversing deflation and fueling economic growth. The Cabinet Office said the stimulus measures will create 600,000 jobs and increase gross domestic product by approximately 2 percentage points.

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Bloomberg · Market News International · NHK World (Japan)

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