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Sunday, January 13, 2013

Japan unveils $117B stimulus plan.

Japanese Prime Minister Shinzo Abe has detailed a widely anticipated ¥10.3T ($117B) stimulus plan as he seeks to pull the economy out of deflation. The money will go towards public works, incentives for corporate investment and aid for small businesses. To fund its new largesse, the government plans to sell around ¥5T more bonds than was budgeted for the fiscal year.

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