Hold On to Your Bitcoin, Japan! PM Abe Announces Stimulus Package

Japan plans on implementing a 28 trillion yen stimulus package to aid its stagnating economy.
Prime Minister Shinzo Abe announced the package on Wednesday, valued at about $265 billion USD.
The package, meant to give the Japanese economy a boost, will consist of large increases in government spending, both at the local and national level, as well as loan programs. The details of this package are to be announced sometime next week.
According to Mitsubishi UFJ Morgan Stanley Securities’ senior economist Hiroshi Miyazaki, the amount planned is so large that it will be difficult to spend, and must be spread out over several years, and is likely to have a significant economic impact.
Miyazaki says:

This post was published at Coin Telegraph on 2016-07-27.