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Main » 2016 » July » 21 » Japan is preparing a stimulus package worth $ 190 billion: sources
Japan is preparing a stimulus package worth $ 190 billion: sources



TOKYO (Reuters) - The Japanese government is preparing a package of measures to stimulate economic growth, totaling $ 190 billion or more, although the actual government spending is likely to be less than half of this amount, according to government sources on Thursday.



The package of measures will be at least 20 trillion yen, Reuters reported several sources. But the direct costs from national and local authorities amounted to slightly more than 3 trillion yen, about 6 trillion yen will come from a program that does not belong to the country's general budget.

Prime Minister Shinzo Abe, after winning the election last week ordered the government to draw up a package of measures before the end of the month in order to revive flagging economic growth in the conditions of weak consumer demand and investment.

incentive program mentioned by Mr Abe to G7 summit, could be expanded in the course of negotiations in the ruling coalition Abe before his cabinet finally approved the measure on 2 August.



Based on materials WELTRADE

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