RTRS: Japan cabinet approves $5.3 billion economic stimulus measures

  • Oct 26 (Reuters) – Japan’s cabinet approved a 422.6 billion yen ($5.3 billion) economic stimulus package of subsidies and tax grants on Friday that will tap budget reserves to avoid selling new debt.-RTRS

Political gridlock has kept the government from selling bonds for this year’s budget.

USD/JPY range-bound in quiet trading at 80.18/19.

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