Japan finalising $150 billion stimulus spend

Posted by 7Star Thursday, April 9, 2009

Japans ruling coalition parties are in final talks on a stimulus package with $150 billion in fiscal spending, a source briefed on the matter said, as the economy grapples with deep recession triggered by diving exports. Officials from the two ruling coalition parties are talking into the night in Tokyo to hammer out of Japans fourth stimulus package in a year as the worlds second largest economy suffers its worst recession since World War Two.

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