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    • News

    Japan

    By Ivy Mungcal // 13 October 2010

    Japan’s ruling political party has unveiled a USD57.6 billion economic stimulus plan, according to The Wall Street Journal. The plan includes a proposal to use USD1.07 trillion of Japan’s foreign reserves to establish a sovereign wealth fund. If the sovereign wealth fund is approved and created Japan will be the first among G-7 countries to make such a move. Masayuki Naoshima, Japan’s former trade minister and the chief architect of the stimulus plan, explained that the sovereign fund is an attempt to make better use of the country’s overseas foreign investments.

      Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).

      About the author

      • Ivy Mungcal

        Ivy Mungcal

        As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.

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