The madness continues.. Stimulus to counter inflation. Yeah, ok fellas, great idea!
A senior Japanese ruling party official said a stimulus package of more than 30 trillion yen ($208.97 billion) is needed to address the inflationary pressures on Japan’s economy, Sankei daily reported.
Koichi Hagiuda, the Liberal Democratic Party’s policy chief, called for a bold spending package to counter rising prices, the global economic slowdown and a weak yen at a Thursday party meeting, according to the newspaper.
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