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Japan Approves Stimulus, With Eye on Central Bank

Wall Street Journal Original article ›

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Japan's new LDP government led by Shinzo Abe approved a stimulus plan of 10.3 trillion yen ($115.7 billion) in Jan 2013. This comes as Japan's current account deficit increased for November to $2.5 billion before seasonal adjustment, reflecting a decline in exports. The Abe administration says this will increase GDP by 2 percentage points from the current forecast of 1.7%.

Japan Stimulus Spending 2013

01/08/2013

Grouped Articles

Tokyo to Set Out Details of 'Bold' Spending Plan

Wall Street Journal 01/08/2013

Japan Approves Stimulus, With Eye on Central Bank

Wall Street Journal 01/10/2013

Japan Approves $116 Billion in Emergency Economic Stimulus

New York Times 01/10/2013

The Japanese economy and the rising yen in 2010-2012

05/27/2010

The yen reached 86 yen to the dollar by August 2010. Chinese government accumulation of Japanese bonds was amajor factor in the yen's rise in 2010. By August 2011 the yen experienced a new surge going up to 78 yen to the U.S. dollar resulting in intervention by the Bank of Japan in currency markets. Investor flight to safe havens such as the Swiss Franc and the Japanese yen with the debt crisis in the U.S. and the Eurozone. The impact on export markets. The newly elected LDP government of Shinzo took strong action to reverse this and improve export competitiveness in 2013.

Grouped Articles

Japan's Yen Rises Above War Jitters, Deflation

BusinessWeek 05/27/2010

Japan Faces Uphill Battle in Curbing Yen's Rise

Wall Street Journal 08/04/2010

Behind Japan's Allure: Stagnancy

Wall Street Journal 08/24/2010

Electric Cars Make Japan'€™s Gas Engine Industry Anxious

New York Times 11/02/2010

Japanese manufacturers: Leaving home

Economist 11/20/2010

Nissan to 'Significantly' Reduce Japan Exports

Wall Street Journal 02/01/2011


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