iBankCoin
Joined Nov 11, 2007
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Japan Announces Another Stimulus Program, Markets Fail to React Positively

Japan announced 750 billion yen ($9.4 billion) of fiscal stimulus to shore up growth as bond investors told the government they’re worried about delays in financing more spending.

With lawmakers in the Diet blocking financing legislation, some of the extra money will come from tapping discretionary budget funds, the government said in Tokyo today. The Finance Ministry said the impasse may affect a debt sale planned for December after an emergency meeting today with primary bond dealers.”

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