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Japan unveils new $81 billion stimulus package

Published: December 8, 2009 3:43 AM
By The Associated Press  TOMOKO A. HOSAKA (Associated Press Writer)

Quick ReadJapan government proposes new $81 billion stimulus package amid deflation, strong yen

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TOKYO (AP) — Japan's government on Tuesday unveiled $81 billion of new stimulus spending to keep the world's second-biggest economy from lurching back into recession.

Despite shrinking tax revenue, Prime Minister Yukio Hatoyama and his Cabinet agreed to 7.2 trillion yen ($80.6 billion) in new spending after days of negotiations with coalition partners. The announcement had been expected on...

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