Japan cabinet approves $53 billion extra budget to fund stimulus (Dec 2013)

Japan's Prime Minister Shinzo Abe attends a news conference at his official residence in Tokyo

Source: Reuters – Japan cabinet approves $53 billion extra budget to fund stimulus

Notable excerpts:

Japanese Prime Minister Shinzo Abe’s cabinet approved on Thursday a $53 billion extra budget for the current fiscal year to fund stimulus steps announced last week aimed at offsetting the blow from a planned increase in the national sales tax.

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Japan to Raise Sales Tax (Oct 2013)

Japan's Prime Minister Shinzo Abe attends a news conference at his official residence in Tokyo

Source: WSJ – Japan to Raise Sales Tax

Notable excerpts:

Japanese Prime Minister Shinzo Abe said Tuesday he will go ahead with a plan to raise the national sales tax in April and promised a stimulus package to cushion its impact, stressing that the country needs to achieve both fiscal consolidation and economic growth to exit 15 years of debilitating deflation.

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