Summary Box: Strong yen, plummeting growth prompts Japan’s government to mull stimulus measure
By APFriday, August 20, 2010
Summary Box: Japan mulls stimulus to aid recovery
HELP ON THE WAY?: Faced with meager growth and a strong yen, Japan’s leaders are moving toward injecting more stimulus measures to fight a sharp slowdown in momentum.
THE BACKDROP: A new package would set Japan apart from the rest of the developed world, which is winding down stimulus steps even as worries grow about a cooling global economy. But it will be a tricky task for Prime Minister Naoto Kan, who is also juggling a promise to reduce the country’s massive debt.
WHAT COULD BE INCLUDED: Measures aimed at helping job hunters find work, supporting small and midsize businesses and subsidies for green technology companies.
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