Japan Plans Extra Stimulus of at least 31 Billion Dollars
Monday, November 30, 2009 at 10:54 am
TOKYO: Japan plans an extra stimulus of at least 31 billion dollars this fiscal year that would include measures to tackle the surging yen and weak share prices, the top government spokesman said Monday.
This package includes measures to bring stablity into the Japanese currency Yen and overcome the the problem of falling prices of shares. Japanese Yen has reached to the 1400 years of its highest stablity during the last few weeks, which resulted in the shrinking of Japanese shares prices and the exporters have to face additional expenses on the transportation of export goods. Besides, the amount received against the exports in the shpe of dollars after exchanged in Yen reduced the profit of the exporters.
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