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Japan Puts Forth an $80.6 Billion Stimulus Package

Publié par Clifford Armion le 12/08/2009

Hiroko Tabuchi

"Japan's governing coalition announced $80.6 billion in stimulus spending Tuesday in a bid to buttress the country's fragile economic recovery and underpin Prime Minister Yukio Hatoyama's popularity ahead of elections next year.

"The Japanese economy, still reeling from its worst recession in decades, has been again hit by a recent, damaging surge in the yen, causing Mr. Hatoyama to warn that Japan could fall back into recession.

"In the package announced Tuesday, which comes to about 1.5 percent of Japanese gross domestic product, the government will spend $39 billion to prop up regional economies and pay for public works projects."

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"Japan Puts Forth an $80.6 Billion Stimulus Package", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), août 2009. Consulté le 21/02/2024. URL: https://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/japan-puts-forth-an-80-6-billion-stimulus-package