The New York Times reports:

Japan announced its biggest-ever economic stimulus plan Thursday, a $154 billion package of subsidies and tax breaks that aims to stem a deepening recession in the world’s second-largest economy. Prime Minister Taro Aso also outlined an ambitious long-term economic strategy that he said would make Japan a global leader in “green” technology like solar energy and electric cars.
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The plan announced Thursday is the largest single such effort ever proposed in Japan, dwarfing any of the stimulus measures the country enacted during the 1990s, during its so-called lost decade of economic stagnation.
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By 2020, Japan aims to increase its solar-generating capacities twentyfold, and raise the domestic sales of eco-friendly vehicles to one million vehicles a year. The plan would create four million new jobs in Japan, the prime minister said.

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1. Liberal Conspiracy

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