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Japan moves over financial crisis

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Japan moves over financial crisis

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Japanese Prime Minister Taro Aso has unveiled a second economic package to fight fallout from the global financial crisis.

The Tokyo government will spend 40 billion euros on measures including payouts to families,
tax breaks on mortgages, a bank rescue scheme and relief for small firms suffering credit problems.

Aso’s announcement coincided with growing expectations that Japan’s central bank would cut its already rock-bottom interest rates for the first time in seven years.