Japan steelmakers pin hopes on stimulus

Jan 14, 2013 | 01:04 PM |

Tags  steel, Shinzo Abe, Japanese steel consumption, steel exports, stimulus package, infrastructure

TOKYO — Japan’s steelmakers hope that a burst of stimulus measures from the country’s new government will help revive stagnant domestic steel demand and make exporting easier.

Prime Minister Shinzo Abe’s cabinet has endorsed a 20.2-trillion-yen ($226-billion) stimulus package in an attempt to perk up Japan’s lethargic economy and tackle the strong yen.....

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