Japan's economic stimulus to surpass $91bn....>

JAPAN: Japan's economic stimulus to surpass $91bn (Nikkei)

- The Japanese gov't plans to raise its fiscal spending to more than Y10tn

($91bn) in econ measures that will be finalized in early Dec, Nikkei has

learned. The gov't will support corporate productivity & personal consumption

through large-scale econ measures amid growing uncertainty about the future of

the econ. Some Y5-6tn will be allocated to the general a/c of the revised budget

plan for FY19 & the original budget plan for '20. The gov't also plans to

utilize its Fiscal Investment & Loan Program and FX special accounts, which are

non-tax revenues. A package of more than Y12tn is being discussed within the

gov't. The final decision will be made in consultation with the ruling party at

the beginning of the week. The ruling party has called for Y10tn in direct gov't

expenditures, and the scale may further increase, depending on the discussions.

The total bill, including from local gov'ts, private financial institutions &

companies, is expected to exceed Y20tn. The previous econ measures launched in

Aug '16 were Y13.5tn in fiscal spending & Y28.1tn in total.

- Link: https://tinyurl.com/utsxn35