Japan steps in to spark its sagging economy

Japan announced a broad plan to boost its sagging but still powerful economy, including a 1 percent cut in the bank rate, more public-works spending, aid for industries, and a drive to increase industrial exports. The measures contrast sharply with current thinking by US and British authorities, which goes against public spending and government interference in the economy.

The prospect that Japan's already powerful exports might be boosted by the measures means that the plan will be scrutinized closely in West Europe and the Unit ed States.

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...