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In order to stimulate consumer purchasing, he has exhorted Japanese companies to replenish thin wallets by increasing wages.
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"What we want to do is create incentives that stimulate consumer spending because folks buy materials from home improvement stores like this one," Mr. Obama said, adding that such purchases would also spur job growth.
Beijing recently unveiled measures designed to stimulate consumer spending, including relaxing limits on home purchases and injecting billions of dollars into the country's biggest banks.
Job market improvement helps stimulate consumer spending while a recovery in housing means more purchases of appliances, furniture and other household goods as well as a source of employment.
The goal is to stimulate consumer spending and business investment, without pushing up the inflation rate.
Carriers rely on content providers to stimulate consumer demand.
Japan's central bank, for instance, in April announced it would expand its purchase of long-term bonds and double the amount of money in circulation, all in an effort to boost inflation to 2% within two years and stimulate consumer and business spending.
Proponents on the left say it will help ease our worsening income inequality and stimulate consumer spending.
Surprisingly, cheaper oil has not stimulated consumer spending.
Usually, tax cuts give a boost to the economy, by stimulating consumer spending.
Mr. Putin put special emphasis on stimulating consumer spending, including $17.6 billion in new spending.
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