Japan held an emergency policy meeting to announce an agreement between the government and ruling parties to include a new economic stimulus package in the second supplementary budget for fiscal 2009. The original plan was for Y2.7 trillion budget and now this will be expanded. They are doing this because the economy is sliding back into deflation and the stock market had declined 1700 pts since August (it jumped abt 500 pts on this news).
This begs, if not screams, the question: will it really help? It’s a lesson for the United States to learn that continuous government spending doesn’t … …READ MORE
