Japan preparing $120 billion economic stimulus package sources

04-Dec-2019 Intellasia | Reuters | 6:02 AM Print This Post

The Japanese government is looking to finalise an economic stimulus package totalling $120 billion to support the economy and build infrastructure to cope with big natural disasters, two government officials with direct knowledge of the matter said.

Including private-sector and other spending, the package would come to around 25 trillion yen ($230 billion), they told Reuters, declining to be identified because the package has not been finalised.

Public broadcaster NHK said the 13 trillion yen ($120 billion) figure includes the use of 3 trillion yen from fiscal investment and loan programmes. A final decision on the package could be made as early as Thursday, NHK said.

https://www.reuters.com/article/japan-economy/japan-preparing-120 billion-economic-stimulus-package-sources-idUSL4N28C45X


Category: Japan

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