Wednesday, December 10, 2008

Japan 1999 Economic Handout Stimulus Program Increased GDP 0.1%

See the Telegraph November 17, 2008 article by Julian Ryall “Japan's economic stimulus package 'a waste of money' “
■ “The Japanese government's plan to rescue the domestic economy by handing out Y12,000 (£84) to every adult in the country has been dismissed as a pointless waste of money. “
■ “it has provoked comparisons with a 1999 decision to issue Y700 billion in coupons to boost domestic consumption and, theoretically, inject new life into the economy”
■ "Kanagawa Prefecture Governor Shigefumi Matsuzawa said ‘The coupon handout program increased individual consumption in the total gross domestic product by just 0.1 percent’,"


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