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National NewsLDP seeks biggest-ever stimulus packageThe ruling party is seeking a stimulus package that is substantially bigger than originally announced, involving 15 trillion yen in new fiscal spending to wrest the world's second-largest economy from a debilitating recession. The measures, equivalent to 3 percent of Japan's gross domestic product, were approved by the ruling Liberal Democratic Party's executive council, a party official said April 9. If approved, the spending will result in Japan's biggest-ever supplementary budget. (AP, Kyodo News)
Shukan ST: April 17, 2009 (C) All rights reserved |