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Japan’s Cabinet OKs $200 billion spending plan

Por: Portland Press Herald World October 29, 2022

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TOKYO — Japan’s Cabinet approved Friday a hefty economic package including 29 trillion yen ($200 billion) in government spending to counter the blow to household budgets from inflation, signaling that the greater concern of its policymakers is that the economy will stall, not overheat. Japanese Prime Minister Fumio Kishida speaks in Tokyo on Friday. Yoshikazu Tsuno/pool via AP While central banks around the world are raising interest rates... + full article



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