Japan Hand-outs

Japan has released news of a new Government stimulus package which will hand out $33bn dollars to big business for investment in Japan. The stimulus package seeks to boost the environment, aged care and tourism in the economy.

However, the article goes on to suggest that this will have little to no impact on Japan as company surplus figures will avoid the necessity to take the government stimulus package and the package is largely a precautionary measure to safeguard against a Greece-like situation.

The impact was virtually neutral on the Nikkei 225 which was up 8 points or 0.08% for the day.


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