{"id":70428,"date":"2009-12-08T04:45:00","date_gmt":"2009-12-08T09:45:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/japan-tries-new-80-billion-stimulus-2009-12"},"modified":"2009-12-08T04:45:00","modified_gmt":"2009-12-08T09:45:00","slug":"japan-unveils-new-80-billion-stimulus","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/70428","title":{"rendered":"Japan Unveils New $80 Billion Stimulus"},"content":{"rendered":"

\"yukio<\/p>\n

Two decades of stimulus and cheap money haven’t worked in Japan, but hey, why not give it another shot? Maybe it will work this time.<\/p>\n

NYT<\/a>: In the package announced Tuesday, which comes to about 1.5 percent of Japanese gross domestic product, the government will spend $39 billion to prop up regional economies and pay for public works projects.<\/p>\n

Environmental programs like incentives to purchase energy-efficient gadgets will receive $9 billion, and measures to increase employment will get $6.8 billion.<\/p>\n

The government will also offer loan guarantees for small companies to ease the credit crunch, the cabinet said in a statement.<\/p>\n

All very familiar sounding, no. Only the part about gadgets seems particularly Japanese. The rest could be announced here on any day.<\/p>\n

Of course, this move is being undertaken by newly-eledted, but unpopular prime minister Yukio Hatoyama, who will again face the voters soon, showing that, in the end, all politicians running for office are Keynesians.<\/p>\n

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