Japan govt to pump billions into economy | ABC Asia Pacific News

Japan govt to pump billions into economy

Japan govt to pump billions into economy

Posted 11 January 2013, 22:06 AEDT

Japan's new Prime Minister has outlined details of a massive $226 billion stimulus package to breathe new life into its ailing economy.

 

Shinzo Abe has promised that the plan will create 600,000 new jobs and bring an end to years of chronic deflation.
 
Japan is the worst-performing of all the major developed economies.
 
Laura Tchilinguirian spoke to Chris Clague, a senior analyst with The Economist Intelligence Unit, about why Japan is in such dire straits.
 
Presenter: Laura Tchilinguirian
Speaker: Chris Clague, senior analyst, The Economist Intelligence Unit

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