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.
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.