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Wednesday, 4 December 2019

Japan to compile economic stimulus worth $120 billion in fiscal spending: Abe

December 5, 2019

TOKYO (Reuters) – Japanese Prime Minister Shinzo Abe said on Thursday the government would compile an economic stimulus package worth about 13 trillion yen ($120 billion) in fiscal spending, including an extra budget from this fiscal year and spending earmarked for fiscal 2020.

The package would rise to 25 trillion yen ($230 billion) when private-sector and other spending are included, sources have told Reuters.

(Reporting by Yoshifumi Takemoto, writing by Kaori Kaneko; Editing by Chang-Ran Kim)

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