Japan ruling party to propose stimulus package worth 16-17pct of GDP, policy chief says

31-Mar-2020 Intellasia | Reuters | 6:02 AM Print This Post

Japan’s ruling Liberal Democratic Party will propose a stimulus package totalling 16 percent to 17 percent of gross domestic product amid the coronavirus outbreak, its policy chief said on Monday.

Fumio Kishida told reporters that the party would propose a formalised package to the government on Tuesday. He also said it would be difficult to bring a sales tax back to its current level if the government were to cut the nationwide tax.



Category: Japan

Print This Post