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Japan may finalise $120bn stimulus package on Thursday

Japan may finalise $120bn stimulus package on Thursday

Mubasher: The Japanese government is reportedly planning to finalise a $120 billion economic stimulus package to support the economy and build infrastructure to cope with big natural disasters, Reuters reported on Tuesday.

The package may reach $230 billion, including private-sector and other spendings, informed sources told the international news agency. 

The $120 billion figure includes fiscal investment and loan programmes, Japan's national broadcasting organisation (NHK) revealed, adding that the package may be finalised on Thursday.

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Last week, Japanese newspaper Nikkei reported that Japan was considering the injection of a stimulus package of $92 billion into its economy to boost growth.

As per the Japanese newspaper, the package would include spending for disaster relief, infrastructure building, along with measures to support companies’ productivity.