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Shinzo Abe's $265 bn stimulus plan puts pressure on BOJ to ease

The size of the package, at more than 28 trillion yen ($265.30 billion), is nearly 6% the size of Japan's economy

Reuters  |  TOKYO 

Japan'sPrimeMinisterShinzoAbeunveiledasurprisinglylarge$265-billionstimuluspackageonWednesdaytoreflatetheworld'sthird-largesteconomy,addingpressureonthecentralbanktomatchthemeasureswithmonetarystimuluslaterthisweek. Theearlier-than-expectedannouncementtoboosttheflaggingeconomysentJapaneseandotherAsianstockmarketshigherwhileitweighedonthesafe-havenyen,butlackedcrucialdetailsonhowmuchofthepackagewouldbedirectgovernmentspending. Thesizeofthepackage,atmorethan28trillionyen($265.30billion),exceeds ...

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First Published: Thu, July 28 2016. 00:15 IST
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