Japan’s economic stimulus package set to be approved by the cabinet on Friday will be a record 55.7 trillion yen ($487 billion) on a fiscal expenditure basis, Nikkei Asia reported.
The package will surpass the previous high set in 2020 in response to the coronavirus pandemic. The size of the stimulus, including private-sector funds, will be 78.9 trillion yen.
Benefits for households and businesses have been raised in line with the distribution policy of Prime Minister Fumio Kishida. An increase in government bonds to cover the deficit is inevitable.
Read the full report: Nikkei Asia
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The post Japan Readies Record $487bn Stimulus Package: Nikkei Asia appeared first on Asia Financial.
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