Japan launches $122 billion stimulus to fight trade risks, post-Olympic slump

TOKYO (Reuters) - Japan's cabinet approved a $122 billion (£95.09 billion) fiscal package on Thursday to support stalling growth in the world's third-largest economy amid offshore risks and as policymakers look to sustain activity beyond the 2020 Tokyo Olympics.The 13.2 trillion yen ($121.50 billion) package is expected to push up gross domestic product by 1.4% through fiscal 2021 and comes as Japan, like other major economies, looks to revive growth through spending as central banks rapidly..