No account yet?
Subscription Options
Subscribe via RSS, or
 
Free Email Alert

Sign up to receive a daily e-mail alert with links to Dallas Blog posts.

New Site Search
Login
Bill DeOre
Click for Larger Image
Dallas Sports Blog
Local Team Sports News
The Official Site of the Dallas Mavericks
TEX Homepage News
News
Stars Recent Headlines
Good News Dallas
Lifestyles
Japan Set for Massive Deficit Spending Spree Print E-mail
by Tom McGregor    Sun, Dec 16, 2012, 10:14 PM
Abe Deficit.jpgAlthough Japan struggles with mountains of national debt, the newly elected Prime Minister of Japan pledged to follow in the footsteps of the French Socialist Party by raising taxes and government spending measures.

If the strategy helped get President Barack Obama re-elected to the White House then Shinzo Abe hopes to become the Japanese Santa Claus as prime minister.

According to the BBC News, “Shinzo Abe says his party has a ‘heavy responsibility’ following his landslide victory in Sunday’s election.”

His party, the Liberal Democratic Party won nearly 300 seats and, with its coalition partner, appears set for a two-thirds majority in the lower house.”

As reported by the BBC, “shares rose early on Monday after the win by Mr. Abe, who has promised more public spending and says he will implement measures directed at weakening the yen and fighting deflation.”

Needless to say, President Barack Obama congratulated Mr. Abe on Sunday for promising to increase Japanese deficit spending.

To read the entire article from the BBC News, link here:

This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
Share This Story on Facebook
Comments (0)add comment

Write comment
smaller | bigger
password
 

busy
 
< Prev   Next >