Japan’s government last week laid out plans to plough an extra ¥10 trillion (£68.2bn) into attempts to stimulate its ailing economy.Retail sales have been a big victim of the country’s economic travails and fell to their lowest levels for seven years in February.Japan’s finance minister Kaoru Yosano has labelled the economic crisis the worst since the end of the Second World War and retailers face tough trading as the traditionally cautious nation seeks to save and not spend.
17 April 2009
Japan’s government steps in as spending plummets
Japan’s government last week laid out plans to plough an extra ¥10 trillion (£68.2bn) into attempts to stimulate its ailing economy.Retail sales have been a big victim of the country’s economic travails and fell to their lowest levels for seven years in February.Japan’s finance minister Kaoru Yosano has labelled the economic crisis the worst since the end of the Second World War and retailers face tough trading as the traditionally cautious nation seeks to save and not spend.
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