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Japan pushes for Stimulus Part II



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Hmmm, now there's food for thought. Like many rich economies there is very little room left but it's increasingly clear that 2010 will bring on another round of economic challenges as the stimulus effect wears off.

Japan's government inched toward agreeing new stimulus measures that could be worth $30 billion on Monday as economic growth is likely to slow next year due to sluggish personal spending and rising inventories.

Economists doubt whether that amount will be enough to push growth up significantly as the Democratic Party-led government will likely fund the stimulus with money cut from a budget compiled by the previous administration.


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