Japan To Roll Out Stimulus Package Totaling 26 Trillion Yen

The fiscal stimulus drumbeat is getting louder. A draft document seen by Bloomberg on Thursday shows the total size of Japan's forthcoming stimulus package is around 26 trillion yen. More than half of that (around 13.2 trillion yen) is fiscal measures. 9.4 trillion yen will be actual, fresh spending and the package will be funded by an extra budget this fiscal year and next. The size looks to be just shy of 2016's push. The idea is obviously to avert a recession in the wake of the tax hike