/ Uncategorized / Japan Unveils $224 Billion Stimulus Package

Japan Unveils $224 Billion Stimulus Package

Matt Ball on February 1, 2013 - in Uncategorized

The Japanese Cabinet approved a fresh stimulus package of more than 20 trillion yen, or $224 billion, on Friday, aiming to lift the economy out of recession and create 600,000 new jobs. Prime Minister Shinzo Abe announced the decision at a news conference where he said the new measures were intended to add 2% to Japan’s real economic growth.

The spending package includes 10.3 trillion yen ($117 billion) in extra outlays by the central government. Abe’s administration is pledging to spend 19 trillion yen ($216 billion) through 2015 in support for reconstruction of the coastal areas devastated by the March 2011 disasters.

Read more via USA Today

Matt Ball

About Matt Ball

Matt Ball is founder and editorial director of V1 Media, publisher of Informed Infrastructure, Earth Imaging Journal, Sensors & Systems, Asian Surveying & Mapping and the video news site GeoSpatial Stream.

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