Mure Dickie Japan unveils $80bn stimulus

Japan’s cabinet on Tuesday agreed Y7,200bn ($80.6bn) in stimulus spending intended to shore up a fragile economic recovery with measures including support for employment, easier financing for smaller companies and promotion of environmental protection.

Announcement of the package, which is to be implemented in the first quarter of 2010, had been delayed since last week after a tiny but vocal coalition partner in the new Democratic party-led government demanded more generous spending. More on ft.com.