Japan reveals £72bn spending package

City A.M. Reporter
The Japanese government has unveiled a 10.3 trillion yen (£72bn) spending package in an attempt to revive its economy.

Japan's economy has been hit by lower exports as global demand slows.

The package, unveiled by Japanese Prime Minister Shinzo Abe, will include public works spending, incentives for business investment and financial aid for small firms.

The government expects the stimulus to raise real economic growth by two per cent and create 600,000 jobs.