Japan's Abe to boost the nation's economy

Tuesday, 02/08/2016 | 07:14 GMT-0

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Japan's Shinzo Abe, Prime Minister, will likely approve today, in his efforts to boost the nation's economy via taking the necessary fiscal steps, 13.5 trillion yen or $132.04 billion to restructure the economy. The Prime Minister's scheme will include 7.5 trillion yen to be spent by the local and national governments.

Abe highlighted that this package is one where it will boost the level of demand but also achieve sustainable economic growth.

The total figure of this package is expected to reach the 28.1 trillion yen, including private and public partnerships, and other amounts that might not have an immediate effect on growth.

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Source: https://www.argusfx.com/en/research-education/market-analysis/news/japan-s-abe-to-boost-the-nation-s-economy

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