Japan Plans Another Boost to Stimulus Spending »
Posted By FunnyBoyz 8 months, 3 weeks ago in NewsJapan's Prime Minister Taro Aso is proving himself to be a big spender. And he, like the rest of Japan, is hoping that spending more on the economic crisis will make it go away. At a press conference Friday afternoon, Aso unveiled $149 billion stimulus package, 50% larger than what Aso ordered up earlier this week and the third stimulus plan he has proposed since he took office last September.
The latest package amounts to record spending for the world's second-largest economy — about 3% of GPP — and, if passed by lawmakers, will bring total fiscal spending during the Aso administration to about $268 billion.
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