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FT.com / Asia-Pacific - Aso launches $154bn Japan stimulus
Taro Aso, Japan's prime minister, on Friday launched a Y15,400bn fiscal stimulus designed to sustain an economy in its worst slump since the second world war.

The Y15,400bn ($154bn, €117bn, £105bn) of new money - equivalent to roughly 3 per cent of Japan's gross domestic product - is on top of Y12,000bn of stimulus in previous supplementary budgets.

Including loan guarantees and other support for companies that do not require upfront spending, the total value of the package comes to Y56,800bn.



"Dieu se rit des hommes qui se plaignent des conséquences alors qu'ils en chérissent les causes" Jacques-Bénigne Bossuet
by Melanchthon on Fri Apr 10th, 2009 at 02:44:51 PM EST
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Japan looks to manga comics to rescue ailing economy | World news | guardian.co.uk
"Japanese content, such as anime and video games, and fashion draw attention from consumers around the world," the prime minister, Taro Aso - a self-confessed manga addict - told reporters this week as he waved copies of magazines from China and Taiwan featuring Japanese pop stars on their covers.

"Unfortunately, this soft power is not being linked to business overseas. By linking the popularity of Japan's soft power to business, I want to create a 20-30 trillion-yen market by 2020 and create 500,000 new jobs."



"Dieu se rit des hommes qui se plaignent des conséquences alors qu'ils en chérissent les causes" Jacques-Bénigne Bossuet
by Melanchthon on Fri Apr 10th, 2009 at 02:46:11 PM EST
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The next Hello Kitty bubble?...

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Fri Apr 10th, 2009 at 04:34:47 PM EST
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