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Wednesday, December 4, 2013

Japan prepares $181B stimulus package.

Japan has reportedly been putting together an ¥18.6T ($181B) stimulus package to offset the impact of a rise in sales tax that is due to take place in April. The government will use tax revenue to finance the spending and forgo raising new debt. The package will add to a ¥20T plan that Prime Minister Shinzo Abe unveiled earlier this year, as well as to the Bank of Japan's massive stimulus.

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