Japan confirms further stimulus measures totalling JPY 28.1 trln

The much-awaited announcement surrounding the Japanese economic stimulus package was finally out on the wires last hour, presenting the following details:

Confirms further stimulus measures totalling JPY 28.1 trln

Fiscal measures total JPY 13.5trln

JPY 7.5trln in national/local govt spending

JPY 6 trln in fiscal investment and loans

Govt expects the measures to push up real GDP by 1.3% in near term

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