East AsiaBusiness

Japanese Gov’t Employs One Way Or Another To Fend Off Faltering Economy

People inspect flat-panel TVs at a discount store in Tokyo Friday, Oct. 26, 2012. Japan’s Cabinet approved a 423 billion yen ($5.3 billion) economic stimulus package on Friday, moving to fend off recession amid signs the recovery in the world’s third biggest economy is faltering. The decision coincided with news of a 0.1 percent fall in the consumer price index in September, adding to pressure on the central bank to ease policies to help fight deflation, or falling prices, which can hinder economic growth.

A woman shops at a discount drugstore in Tokyo Friday, Oct. 26, 2012. <AP Photo/Koji Sasahara>

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