Last August, Tokyo approved a $12 trillion yen stimulus package.
The new plan is a major expenditure for the government. For example, Bush's stimulus plan earlier this year totaled only $168 billion although the United States has a population of 301 million compared to Japan's 127 million.
Most of the new Japanese package will consist of tax breaks for individuals and businesses.
rate cut (AFP)
|Japan unveils stimulus package, stock soar after US rate cut (AFP)|
Japan unveils $270 billion stimulus package
3 hours ago
By Chris Oliver, MarketWatch HONG KONG (MarketWatch) -- Japan unveiled a 27 trillion yen ($270 billion) economic-stimulus package Thursday that includes 5 ...
Japan Offers Stimulus Package to Spur Its Economy
New York Times
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