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Japan Cabinet OKs $200B spending plan to counter inflation

Por: ABC News 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. While central banks around the world are raising interest rates aggressively to try to tame decades-high inflation, with its own inflation rate near 3%, has... + full article



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