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Japan stimulus package swells to $120bn in Abenomics reboot

Tokyo bolsters infrastructure while bracing for Olympic hangover

Tokyo's Olympic Village under construction: The government is looking to shore up the economy for the period after the games. (Photo by Takaki Kashiwabara)

TOKYO -- The Japanese government approved 13.2 trillion yen ($121 billion) worth of public stimulus spending on Thursday, with the economy due for a total infusion of 26 trillion yen if private-sector and other outlays are factored in.

The sum is a step up from the amount originally expected to come from the government's budget -- more than 10 trillion yen. Investment in public works accounts for 6 trillion yen of the total, including natural disaster recovery and prevention projects.

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