Economic Package to Include 13-T.-Yen Fiscal Spending: Abe

Politics

Tokyo, Dec. 5 (Jiji Press)--Japanese Prime Minister Shinzo Abe said Thursday that the government's planned economic package will feature some 13 trillion yen in fiscal spending.

"We have made a powerful policy package fit for the first economic package of the Reiwa era," Abe said, referring to the new Imperial era that began in May. "We will implement drastic fiscal policies on the scale of 13 trillion yen."

He made the comments in a policy round table of officials from the government and ruling coalition, held at the prime minister's office.

The government will formally approve the economic package at an extraordinary cabinet meeting on Thursday afternoon.

Fumio Kishida, policy chief of the ruling Liberal Democratic Party, said at a meeting of the party's Policy Research Council Board the same day that the package will lift Japan's real gross domestic product by 1.4 pct.

[Copyright The Jiji Press, Ltd.]

Jiji Press