Japan's Nikkei erases loss after report of Takaichi's stimulus package

TOKYO, Oct 22 (Reuters) – Japan's Nikkei share gauge erased losses on Wednesday following a report that new Prime Minister Sanae Takaichi is preparing an economic stimulus package. The spending package is likely to exceed last year's, government sources familiar with the plan said. The Nikkei 225 Index rose on Wednesday by 0.1% to 49,365.18 after earlier declining as much as 1.4%. (Reporting by Rocky Swift; Editing by Christian Schmollinger)

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