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Japan's government is the latest to rush out help for a struggling economy. Tokyo's latest hope? A $16.9 billion public fund to help banks buy shares in trouble companies.
Will it work? Don't bet on it:
“I think it’s pointless, basically,” Richard Jerram, chief economist at Macquarie in Tokyo told the Financial Times.
Jerram suggests the government do more to stimulate demand, something the Japanese failed to do for about, oh, a decade in the 1990s.