Monday, April 6, 2009

Japan's stimulus math

Everyone sites Japan's previous crisis for lessons on this one. It follows that Japan knows a thing or two about how tackle these things.

They've clearly decided that stimulus is the way to go. They've added another US$150 billion (15.4 trillion yen). This is in addition to the previous 12 trillion yen number.

The measures represent about 3% of GDP.

There's a continued trend to help small businesses, including contract workers. There are also measures to expand "green" technologies and support elder/health care. Other targeted areas are boosting fuel-efficient vehicles and consumer electronics.

Unemployment in Japan hit a three-year high of 4.4 per cent in February.

http://english.aljazeera.net//business/2009/04/20094685024327368.html

http://news.bbc.co.uk/2/hi/business/7985239.stm

http://hosted.ap.org/dynamic/stories/A/AS_JAPAN_STIMULUS_ASOL-?SITE=YOMIURI&SECTION=HOSTED_ASIA&TEMPLATE=ap_national.html

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