Mubasher: Japan is reportedly planning to inject a stimulus package of $92 billion into its economy to boost growth, Euronews reported on Saturday, citing a Japanese newspaper.
The Japanese government will increase bond issuance to fund public spending of JPY 4 trillion ($31.62 billion), the newspaper revealed.
Prime minister Shinzo Abe may finalise the $92 billion package early next week after discussions with the ruling coalition.
The package will be funded by supplementary budget for the current fiscal year ending March 2020 and the year after’s annual budget.
As per the Japanese newspaper, the package will include spending for disaster relief, infrastructure building, along with measures to support companies’ productivity.
The third-biggest economy will also provide support to companies for overseas investment to diversify production.