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Monday, January 7, 2013

Japan plans extra $136B of stimulus.

Japan's new government reportedly intends to announce an extra ¥12T ($136B) in stimulus spending for the fiscal-year through March as it looks to turn around the moribund economy. Prime Minister Shinzo Abe hopes to formulate the plan this week, with ¥5-6T to be spent on public works. Abe is clearly not overly worried about Japan's insanely high debt.

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