Business

Japan preparing $163 billion economic stimulus package: Sources

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TOKYO (REUTERS) – The Japanese government is looking to finalise an economic stimulus package totalling 13 trillion yen (S$163 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, they told Reuters, declining to be identified because the package has not been finalised.

Public broadcaster NHK said the 13 trillion yen figure includes the use of 3 trillion yen from fiscal investment and loan programmes. A final decisionRead More – Source