Japanese govt. approves $116 billion stimulus boost January 11, 2013 - 10:34 AMT PanARMENIAN.Net - The Japanese government has approved a fresh 10.3 trillion yen ($116bn) stimulus package in an attempt to spur a revival in its economy, BBC News reported. The package will include infrastructure spending, as well as incentives for businesses to boost investment. The government estimated that the stimulus would boost Japan's economic growth by two percentage points. Japan's economy has been hurt by a dip in exports amid slowing global demand and subdued domestic consumption. The world's third-largest economy is currently in a recession, having contracted for two quarters in a row. "Unfortunately, the previous administration failed to work out how to boost growth and expand the economic pie," Prime Minister Shinzo Abe said. "It is vital that we have an economic strategy that can create jobs and raise incomes to sustain growth."   Top stories Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot".   Partner news |  Latest news Putin congratulates Pashinyan’s birthday  Russian President Vladimir Putin congratulated Armenian Prime Minister Nikol Pashinyan on his birthday on June 1.Opposition motorcade en route to Gyumri for large rally A motorcade of protesters headed by Archbishop Bagrat Galstanyan is heading to the city of Gyumri.Ruling MPs, Foreign Minister talk Armenia-Azerbaijan processes MOs from the ruling Civil Contract party met with the Foreign Minister Ararat Mirzoyan in the Armenian parliament.Russia: Armenia’s frozen membership weakens CSTO position in Caucasus A Russian envoy said any step that could alienate the CSTO member states from each other is “deeply wrong”. |
