Global Alert: Japan PM Abe announces $17.8 billion economic stimulus package.
Japanese Prime Minister Shinzo Abe ordered his cabinet to compile new economic stimulus measures in a package worth around 2 trillion yen ($17.80 billion) by the end of the year. Speaking at a meeting with his top advisory panel, Abe said the package should focus on subsidising education, child-care costs, and on boosting corporate investments to improve productivity. Abe is expected to announce a snap election later on Monday to take advantage of improved ratings and disorganized opposition parties, and the stimulus package could be a way to lure voters during the election campaign.
(Impact: Positive for JPY)
Source : Reuters
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