hilker:

Barack Obama-san - WSJ.com - in the early 90’s, as Japan faced falling property values & a sunken stock market, Japanese Prime Minister Kiichi Miyazawa deployed several “stimuli”:

• August 1992: 10.7 trillion yen ($85 billion
• April 1993: 13.2 trillion yen ($117 billion)
• September 1993: 6.2 trillion yen ($59 billion) - at the end of ‘93, japan’s debt-to-GDP was almost 75%
• February 1994: 15.3 trillion yen - By the end of ‘94, debt-to-GDP was 80.2%
• September 1995: 14.2 trillion yen ($137 billion)
• In 1994 and 1995, Japan spent 3.1% and 2.9% of its annual GDP, and (helped by central bank easing) the economy did respond with modest growth for about two years. Debt-to-GDP hit 87.6%
• April 1998: 16.7 trillion yen ($128 billion)
  November 1998: 23.9 trillion yen ($195 billion) - By the end of the year, debt-to-GDP hit 114.3%
• “November 1999: 18 trillion yen. In a “last push,” Mr. Obuchi’s government spent 7.4 trillion yen to prop up businesses, 6.8 trillion yen for social infrastructure projects like telecommunications and environmental projects, and two trillion yen for housing loans, among other things. Debt-to-GDP reached 128.3%.”

“But Japan does have better roads.”

Auto reblog ZIRP