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Politics

Abe goes all in with $266bn stimulus package

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Japanese Prime Minister Shinzo Abe discusses his economic stimulus plan during a speech Wednesday in Fukuoka.   © Kyodo

TOKYO -- Japanese Prime Minister Shinzo Abe unveiled plans Wednesday for an economic package topping 28 trillion yen ($266 billion), putting every option on the table to breathe new life into his signature Abenomics policies.

"We will take the fruits of Abenomics and mobilize the entire society to create a strong and positive economic cycle," Abe said in a speech in the city of Fukuoka. "We will make every effort to protect the Japanese economy from global economic risks," he added, stressing the need for quick stimulus to underpin domestic demand.

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