Japan’s heavily indebted government is preparing to throw even more money at the country’s stagnant economy.
The cabinet has approved a new fiscal stimulus package that it said was worth 28.1 trillion yen ($276 billion).
It’s the latest attempt by Prime Minister Shinzo Abe to inject life into an economy hobbled by patchy growth and falling prices.
Abe has trumpeted the package’s headline amount, but analysts say only a fraction of it will actually be extra spending that stimulates economic activity directly.
