Japan confirms further stimulus measures totalling JPY 28.1 trln

The much-awaited announcement surrounding the Japanese economic stimulus package was finally out on the wires last hour, presenting the following details:

Confirms further stimulus measures totalling JPY 28.1 trln

Fiscal measures total JPY 13.5trln  

JPY 7.5trln  in national/local govt spending

JPY 6 trln in fiscal investment and loans

Govt expects the measures to push up real GDP by 1.3% in near term