Re: Bailing Out Banks
Just as the government are announcing more fiscal stimulus like the VAT decrease, and the cash injection to the banks, Japan has gone into recession. Japan spent more than a decade in recession in the 90's, the government then acted by having 10 fiscal stimulus, totalling some 100 trillion yen. They have only just come out of the recession after all that money was pumped in, with massive amounts of public debt, and here they are again.. is cash injection fiscal stimulus really the way?
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formerly cyfr
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