Japan gov't eyes spending over 20 tril. yen on new economic package

Politics Economy

Japan is considering spending just over 20 trillion yen ($133 billion) on a new economic package aimed at helping households cope with accelerating inflation and rejuvenating the pandemic-hit tourism sector, sources familiar with the plan said Friday. The country's demand remains weak even as the economy has emerged out of the initial COVID-19 fallout, and the slightly north of 20 trillion yen in government spending, to be finalized this month, is designed to boost it. The Cabinet of Prime Minister Fumio Kishida is expected to make a formal decision next Friday so an extra budget to fund the p...

Kyodo News

Kyodo News