Japan ruling party: $209 bln stimulus needed to counter inflation - via PiQSuite.com/Suite<p>The madness continues.. Stimulus to counter inflation. Yeah, ok fellas, great idea!</p><p>A senior Japanese ruling party official said a stimulus package of more than 30 trillion yen ($208.97 billion) is needed to address the inflationary pressures on Japan's economy, Sankei daily reported. </p><p>Koichi Hagiuda, the Liberal Democratic Party's policy chief, called for a bold spending package to counter rising prices, the global economic slowdown and a weak yen at a Thursday party meeting, according to the newspaper.</p><p>Be sure to check out the (my) awesome <a href="https://piqsuite.com/suite" target="_blank" rel="nofollow">PiQ Suite </a>which has, amongst other things, a free Reuters feed </p>
This article was written by Ryan Paisey at forexlive.com.
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