TITLE

Spend, Baby, Spend

AUTHOR(S)
Kelly, Tim
PUB. DATE
March 2009
SOURCE
Forbes Asia;3/30/2009, Vol. 5 Issue 5, p16
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the idea by Masaharu Nakagawa, shadow finance leader of Japan, on how to rehabilitate the economy of the country. He suggests spending big to revive the second economy of the world, whose quarterly gross domestic product (GDP) in 2009 showed an annualized decline of 12%. He explains that the spending focus will differ from the Liberal Democratic Party (LDP)-style tax breaks and concrete pouring.
ACCESSION #
37822817

 

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