Japan’s new US$121 billion fiscal package to boost growth amid trade war and post-Olympic slump
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Japan’s cabinet approved a US$121 billion stimulus package on December 5, 2019, in hopes of fighting the risks of the ongoing US-China trade war and a possible economic slump after the 2020 Tokyo Olympics. Prime Minister Shinzo Abe will now launch the stimulus, which follows a near standstill between July and September for the world’s third-largest national economy.
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