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Japan government "eyes >Y5 tln stimulus steps"

Government economic stimulus rumours from Japan

From Japanese press today:

The government and ruling parties will consider compiling economic stimulus measures worth more than 5 trillion yen

Fiscal spending to enhance welfare and stir private consumption

The move is expected to come after the Diet enacts fiscal 2016 budget and tax revision bills on Tuesday

The government plans to submit an extra budget bill at a special Diet session to be convened by autumn, the sources said

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Meanwhile, via Reuters come comments from PM Abe:

  • Will proceed with scheduled sales tax hike next year unless japan is hit by lehman crisis-scale shock

(Abe has said this before, multiple times)

  • Not thinking at all of dissolving lower house and calling snap election

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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