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Friday, December 18, 2015

Japan government to craft $27 billion extra stimulus budget to spur growth: sources

http://www.reuters.com/article/us-japan-economy-stimulus-idUSKBN0U01D620151217

The 3.3213 trillion yen ($27.14 billion) extra stimulus budget includes spending for steps to support elderly pensioners with cash benefits and farmers seen hit by the Trans-Pacific Partnership (TPP) trade deal, the sources said on condition of anonymity because the plan has not been finalised.
In a show of efforts to fix dire public finances, the government will fund the stimulus without resorting to fresh borrowing, while tapping cash reserves left from the previous year's budget and higher-than-expected tax revenue, they said.

IE: Print more money something we will be doing next year for sure.

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