Japan announces 30 trillion yen stimulus package

TOKYO (AP) — Japan’s Prime Minister Taro Aso has announced a 30 trillion yen ($300 billion) stimulus package and credits to bolster the country’s economy. Aso said Thursday the package would include loans and credits for small and medium-sized businesses, a reduction in highway tolls and 2 trillion yen ($20 billion) fixed-sum benefits to households. Aso said he was also considering raising consumption taxes. He did not announce a date for snap parliamentary elections, which the opposition has called for in the near future.



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