Japan Unveils Ambitious Growth Plan
Japanese Prime Minister Taro Aso unveiled an ambitious long-term growth strategy today. He vowed to refashion the world's second-largest economy and to create millions of jobs, with the first step being a massive new stimulus package. The news of this plan sparked a 3.7% rise in the benchmark Nikkei 225 index. Japan finds itself mired the deepest recession since World War II. The Japanese economy has fallen because of an unprecedented collapse in global demand for Japanese products such as cars and electronics. It is important to note that in his speech Prime Minister Aso said that Japan's export-driven growth…