Japan cabinet approves $132 bln spending boost

ReutersNewsPublished: August 2, 201612 views
Published: August 2, 2016

Japanese Prime Minister Shinzo Abe's cabinet has approved 13.5 trillion yen ($132.04 billion) in fiscal measures as part of efforts to revive the flagging economy, with cash payouts to low-income earners and infrastructure spending. As David Pollard reports, the package comes amid growing concerns that Japan's monetary policy has reached its limits.

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