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Japan to boost stimulus spending again


Japan to boost stimulus spending again


The Japanese government is planning to spend the equivalent of at least 74 billion euros more to help its economy through the global crisis.

Japan, grappling with its worst recession since World War Two, will unveil a new economic stimulus package on Friday. Finance Minister Kaoru Yosano said that will include spending of at least two percent of its gross domestic product, particularly on infrastructure including solar power. The yen fell, hitting its lowest level against the dollar in almost six months.

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