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Japanese cabinet green-lights 225-billion-yen economic stimulus

Other News Materials 11 January 2013 05:58 (UTC +04:00)
Japanese Prime Minister Shinzo Abe's cabinet on Friday approved a fiscal stimulus package worth 20 trillion yen (225 billion dollars) to spur the economy, dpa reported.
Japanese cabinet green-lights 225-billion-yen economic stimulus

Japanese Prime Minister Shinzo Abe's cabinet on Friday approved a fiscal stimulus package worth 20 trillion yen (225 billion dollars) to spur the economy, dpa reported.

The package includes large-scale public works projects and measures to stimulate investment, media reports said.

Japan is in recession as it struggles with a stronger yen, falling exports, the eurozone debt crisis and growing tensions with China, the nation's largest trading partner.

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