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Last Updated : Dec 03, 2019 08:16 AM IST | Source: Reuters

Japan preparing $120 billion economic stimulus package: Sources

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.

Representative Image
Representative Image

The Japanese government is looking to finalise an economic stimulus package totalling $120 billion (£93.53 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.

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First Published on Dec 3, 2019 08:10 am
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