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Japan PM Abe announces $17.8 billion economic stimulus package
September 25, 2017 / 2:10 AM / 25 days ago

Japan PM Abe announces $17.8 billion economic stimulus package

Japan's Prime Minister Shinzo Abe reviews the honour guard before a meeting with Japan Self-Defense Force's senior members at the Defense Ministry in Tokyo, Japan, September 11, 2017. REUTERS/Toru Hanai

TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe on Monday ordered his cabinet to compile new economic stimulus measures in a package worth around 2 trillion yen ($17.80 billion) by the end of the year.

Speaking at a meeting with his top advisory panel, Abe said the package should focus on subsidizing education, child-care costs, and on boosting corporate investments to improve productivity.

Abe is expected to announce a snap election later on Monday to take advantage of improved ratings and disorganized opposition parties, and the stimulus package could be a way to lure voters during the election campaign.

Reporting by Stanley White; Editing by Chang-Ran Kim

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