Thursday, October 24, 2013

Japan's Abe: to use extra tax revenue, not new debt, for stimulus spending


TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe said on Thursday he plans to use higher-than-expected tax revenue to fund economic stimulus spending rather than relying on issuing new debt.


Abe was speaking in the upper house budget committee.


The government will announce in early December details of a 5 trillion yen ($51 billion) economic stimulus package meant to offset the drag from an increase in the sales tax next April. ($1 = 97.2900 Japanese yen)


(Reporting by Stanley White; Editing by Chang-Ran Kim)

Source: http://news.yahoo.com/japans-abe-extra-tax-revenue-not-debt-stimulus-014549246--business.html
Similar Articles: Jim Leyland   New 100 Dollar Bill   breast cancer awareness   iTunes   Laura Prepon  

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.