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Japan's $190-bn spending stimulus a 'paper tiger'

The package could expand during talks with Abe's ruling coalition before his cabinet approves the measures on 2 August

Reuters  |  Tokyo 

Japan is crafting a massive spending package worth about $190 billion to bolster the economy - about double the size initially floated - but a close examination shows actual public spending will be far less than the headline number suggests. Prime Minister Shinzo Abe, fresh off a big election win, last week ordered his government to create a stimulus plan to revive an economy dogged by sluggish consumption and investment, despite three years of his "Abenomics" mix of hyper-easy monetary policy, spending and promised reforms. The package will have a headline figure of at least 20 ...

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First Published: Fri, July 22 2016. 00:10 IST