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Thursday, December 5, 2013

Japan OKs ¥18.6T stimulus package.

 As flagged, Japan's cabinet has approved an ¥18.6T ($182B) stimulus plan to offset a hike in sales tax that is due to go into effect in April. However, there's a bit of smoke and mirrors in play, as much of the package includes investment that was already scheduled. The cabinet expects the measures to add 1% point to GDP and create around 250,000 jobs.

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