Japan's Stimulus Package

Japan announced that it would be implementing a $150 billion stimulus package to its economy to try to help it through the global economic slow down. This accounts for over 3% of its GDP, higher than the 2% projected boost that was expected by analysts. It is a positive development for the Japanese economy and will hopefully bolster the companies in Japan that are currently struggling, notably the solar energy firms and carmakers. Every little bit will help and the fact that the Japanese government would put this much money into its economy shows how devastating this recession has been. This is the third stimulus package the Japanese government has enacted so hopefully this will be the last one needed. The recovery of the Japanese economy would be a sign of US recovery because of Japan's reliance on exports. If the Japanese economy starts heading in a positive direction, the US economy will probably be leading it that way. The sooner this happens, the better for everyone around the world.

http://news.bbc.co.uk/2/hi/business/7991194.stm