Finally, the much-awaited and already known headlines are out on the wires, via Reuters, as the Japanese government officially announces its JPY 26 trillion economic stimulus package.
Key Details:
Package includes ¥13.2 trillion of fiscal measures.
Package includes actual spending of ¥9.4 trillion.
Package includes central government spending of ¥7.6 trillion.
Extra budget to cover ¥4.3 trillion worth of stimulus measures.
USD/JPY is little changed around 108.90 on the above announcement.
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