Japan is expected to announce an economic stimulus package later in the day worth an expected US$200 billion to cushion the impact of inflation and a weak yen. - AFP
TOKYO (AFP): Japan is expected Friday (Oct 28) to announce a huge stimulus package to cushion the economy from the impact of a weak yen and inflation, though the central bank refused to budge from the ultra-loose policy that has hammered the currency.
Ahead of cabinet approval for the relief measures, Prime Minister Fumio Kishida said the government would "seek swift approval" of an extra budget worth 29.1 trillion yen (arounUS$200 billion).
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