Japan compiles 26 tril. yen stimulus package to prop up slowing growth

Prime Minister Shinzo Abe's Cabinet on Thursday approved a package of stimulus measures worth 26 trillion yen ($239 billion) as it seeks to shield the Japanese economy from weak overseas demand, the fallout from a recent consumption tax hike and the risk of a slowdown after next summer's Tokyo Olympics.The first stimulus package in three years entails fiscal spending of 13.2 trillion yen by Japan, already saddled with piles of public debt.With the spending, called a "15-month budget," which will spread over the remaining three months of this fiscal year through March and the next fiscal yea…READ FULL ARTICLE