Financial Times FT.com

Yosano warns Japan stimulus likely to fail

By David Pilling and Mure Dickie in Tokyo

Published: December 1 2008 02:00 | Last updated: December 1 2008 02:00

Japan's economy is unlikely to respond to a planned fiscal stimulus, according to Kaoru Yosano, economy minister.

He said the country would have to endure higher unemployment and possibly a return to deflation and shrinking output.

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