Tue. Jul 7th, 2020

Japan to compile economic stimulus worth $120 bln in fiscal spending -Abe

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TOKYO — Japanese Prime Minister Shinzo Abe said on Thursday the government would compile an economic stimulus package worth about 13 trillion yen ($120 billion) in fiscal spending, including an extra budget from this fiscal year and spending earmarked for fiscal 2020.

The package would rise to 25 trillion yen ($230 billion) when private-sector and other spending are included, sources have told Reuters. ($1 = 108.6400 yen) (Reporting by Yoshifumi Takemoto, writing by Kaori Kaneko Editing by Chang-Ran Kim)

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