Prime Minister Shinzo Abe is preparing a 28 trillion yen stimulus package in a bid to reboot Abenomics
The Nikkei is reporting that Japan sees a 1.3% GDP boost in a few years from new stimulus plan. In addition to the stimulus plan, last week the BOJ decided to ramp up its purchase of exchange-traded funds to 6 trillion yen ($58.24 billion), almost double the 3.3 trillion yen it buys now.