Japan economy gets stimulation package

North America News.Net
Friday 29th August, 2008

Japan wants to boost the country's economy by injection trillions of yen into the system.

The government has unveiled a stimulus package worth 11.7 trillion yen in a plan it hopes will help people cope with rising prices and stave off a recession.

The plan only includes 2 trillion yen of fresh government spending, with 9 trillion yen in loan guarantees and aid for small businesses.

The package is much smaller than the $167bn the US spent on tax rebates and other measures to revive its economy.

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