English | دری

Japan cabinet approves second stimulus package.

in International Business

Japan cabinet approves second stimulus package.

Japanese lawmakers have approved another stimulus package to revive growth, as the flagging economy becomes a key issue in the upcoming general election.

The money totalling 880bn yen will be mainly used to create jobs and support small businesses, the cabinet said.

New data showed industrial output rising in October, but there were very few other positive indications.

Analysts don’t believe the stimulus will improve economic conditions.

“The total size is not enough to really boost gross domestic product, especially for early next year,” said Junko Nishioka from RBS Japan Securities. “It is not enough to change the mood of business activity.”

In the September quarter, Japan’s economy contracted by 0.9% compared to the previous quarter.

The contraction is equivalent to an annualised drop in GDP of 3.5%.


Tags assigned to this article:
japan economyJapan stimulus

Related Articles

Chinese telecom giants posing a threat to the US

The US warned security threat posed by Chinese telecom firms Huawei and ZTE, after an investigation into the two companies.

Should job-hogging over-50s all resign?

Too few jobs. Rising unemployment, especially for young people. Here’s a radical solution, says commentator on office and workplace life,

G7 to hold emergency eurozone talks

Ministers and central bankers to hold a special conference call, raising pressure on the Europeans to act. Finance chiefs of

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

Time limit is exhausted. Please reload the CAPTCHA.