Japan's big helping hand for families
They will get one-off cash payouts in new $406b stimulus plan.
By Kwan Weng Kin, Japan Correspondent
TOKYO: The world's second-largest economy yesterday unveiled another super-sized stimulus package to buffer itself against the effects of the global financial crisis.
The Japanese government's 27 trillion yen (S$406 billion) offering is its second in a month, underscoring the urgency and speed with which it intends to battle the current financial crisis.
'We cannot just sit and wait out the financial typhoon. We have to do something to erase the people's anxieties about the economy,' said Japanese Prime Minister Taro Aso at a news conference yesterday.
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