TOKYO (AP) - Japan's Cabinet has approved about 3.5 trillion yen ($29 billion) in fresh stimulus, including subsidies and job creation, to help pull the world's third-largest economy out of recession.

TOKYO (AP) Japan's Cabinet has approved about 3.5 trillion yen ($29 billion) in fresh stimulus, including subsidies and job creation, to help pull the world's third-largest economy out of recession.

The Cabinet endorsed the plan proposed by Prime Minister Shinzo Abe as it wrapped up work for 2014. It includes 420 billion yen ($3.5 billion) earmarked for helping stagnant regional economies.

Abe took office for a third term on Wednesday and faces strong pressure to do something to restore growth after a sales tax hike in April put Japan back in recession.

Data released Friday showed inflation eased slightly in November as household spending dropped, hindering the government's effort to get the economy out of recession and back to sustainable growth.