[January] Japan Approves $116 Billion for Urgent Economic Stimulus

HIROKO TABUCHI.  Japan Approves $116 Billion for Urgent Economic Stimulus. The New York Times , 11 January 2013 . Web. 13 January 2013.
http://www.nytimes.com/2013/01/12/business/global/japan-approves-116-billion-for-urgent-economic-stimulus.html?_r=0
 


Shinzo Abe, Prime Minister of Japan approved spending ¥10.3 trillion to stimulate Japan's economy. The Japanese government will spend $116 billion on public works and disaster mitigation projects, subsidies for companies that invest in new technology and financial aid to small businesses. It is one of the largest spending plans in Japanese history, and he hope it would stop deflation. I'm surprised that Japan's economy is having a hard time, and they had to do this extreme decision. I don't know the deep knowledges, but I can see that Japan needs to deal with asset bubble, number of jobs, and consumptions. I do not hate Japan when they do not say some things about Dok-do. They are great country and still they are strong. I hope they figure out the problem and get back to there phase. Yen should be lower though!