Japan has just announced an
80.6 billion dollar stimulus package to help maintain the economy's slow recovery. Deflation and an increased value of the yen has been working against the recovery of the Japanese economy, making it hard on many businesses.
After enduring its worst recession since World War II, Japan’s economy grew for the second straight quarter in the July-September period, expanding at an annualized pace of 4.8 percent. It was the strongest growth in more than two years thanks to previous stimulus measures and improvement in global demand...
The package includes measures to bolster employment, extend consumer incentives to buy eco-friendly products and provide support for small and medium-size firms hurt by the strong yen.
We aren't the only ones pumping billions of dollars into our economy. This serves as a little reminder that the economic downturn has been felt all around the world. However, this also shows that hopefully the global economy is recovering.
Japan has just announced an 80.6 billion dollar stimulus package to help maintain the economy's slow recovery. Deflation and an increased value of the yen has been working against the recovery of the Japanese economy, making it hard on many businesses.
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