Japan Infuses $1 Trillion into Global Economy

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Japan Infuses $1 Trillion into Global Economy

Japanese Prime Minister Shinzo Abe has announced a massive economic relief package totaling nearly $1 trillion in U.S. dollars to combat the recent economic downturn. It is equivalent to one fifth of Japan’s annual output as the world’s third largest economy and includes many similar measures for individuals and businesses that the U.S. saw in its $2 trillion package in March.

Image via Unsplash/Allie Smith

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