Japan steelmakers pin hopes on stimulus
Jan 14, 2013 | 01:04 PM
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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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