Japan Set to Unleash New Stimulus Package

To protect the country's still-weak economic recovery from the effects of deflation and a stronger yen, the Japanese government is moving closer to boosting a stimulus effort that could total more than $80 billion, reports the Wall Street Journal, citing a government official.

 

According to the newspaper, the four trillion yen ($46.1 billion) package is expected to finance measures such as loan guarantees for small companies and incentives for consumers to buy more energy-efficient electronics.

 

The Journal says the package also includes an additional three trillion yen to be spent on covering local government tax revenue losses.
 

Suggested Articles

Some of you might have already been aware of the news that Questex—with the aim to focus on event business—will shut down permanently all media brands in Asia…

Some advice for transitioning into an advisory role

Global risks are intensifying but the collective will to tackle them appears to be lacking. Check out this report for areas of concern