Japan cabinet approves $132 bln spending boost

ReutersNews Published August 2, 2016 1 Plays

Rumble 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.