Arab Today, arab today cabinet approves 53b stimulus package
Last Updated : GMT 18:07:22
Arab Today, arab today
Arab Today, arab today

Cabinet approves $5.3B stimulus package

Arab Today, arab today

Arab Today, arab today Cabinet approves $5.3B stimulus package

Tokyo - UPI

The Japanese Cabinet Friday approved a 422.6 billion yen or $5.3 billion emergency stimulus package to boost the economy, whose recovery is slowing. The step was taken by the government of Prime Minister Yoshihiko Noda because of concerns the economy, the third largest in the world after the United States and China, could slip into a recession, Kyodo News Agency reported. Japan\'s economy was hit hard by the devastation from the March 2011 earthquake and tsunami. Since then its export-reliant economy also has been burdened by falling demand for its products due to the global slowdown as well slowing domestic demand. Financing for the new stimulus package would largely come from contingency funds in the current budget as no new debt can be issued. The Wall Street Journal quoted analysts that the package is relatively small for the troubled economy. \"The best it could do is to add 0.1 percentage point\" to the annual GDP growth, Toshihiro Nagahama, chief economist at Dai-ichi Life Research Institute told the journal. \"If you are asking whether it could help turn an anticipated contraction into an expansion, that\'s not going to happen.\" But the Journal said the stimulus step could bring more pressure on the Bank of Japan, the country\'s central bank, to take new steps to help the economy. Separately on Friday, the Japanese government said key consumer prices fell 0.1 percent in September from a year earlier, the fifth straight monthly decline.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today cabinet approves 53b stimulus package Arab Today, arab today cabinet approves 53b stimulus package

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today cabinet approves 53b stimulus package Arab Today, arab today cabinet approves 53b stimulus package

 



Arab Today, arab today Etiquette expert calls for short visits

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday