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Japan Govt Spending on Economic Package Seen Topping 10 T. Yen

Japan Govt Spending on Economic Package Seen Topping 10 T. Yen

   Tokyo, Dec. 1 (Jiji Press)--The Japanese government plans fiscal spending of over 10 trillion yen to finance a forthcoming economic stimulus package, informed sources said Sunday.
   The package is aimed primarily at helping recovery efforts after a series of typhoons and heavy rains and shoring up the economy in the face of a slowdown in overseas economies, according to the sources.
   The spending scale will come close to the 13.5 trillion yen for the previous set of stimulus measures compiled in 2016.
   For the coming package, spending by the central and local governments will total more than 7 trillion yen. In addition, low-interest loans to private-sector projects under the central government's fiscal investment and loan program will exceed 3 trillion yen.
   The government plans to set aside the needed funds under a fiscal 2019 supplementary budget and the fiscal 2020 initial budget, both of which will be drawn up by the end of the year.

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AFP-JIJI PRESS NEWS JOURNAL


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