24-10-2022, 10:07 AM
"The gap in Japan's gross domestic product (GDP) is now around 15 trillion yen. It's not enough to just fill this gap," said Yoshitaka Shindo, executive acting chairperson of the ruling Liberal Democratic Party's (LDP) policy research council.
"Both quality and size is important," Shindo said of the package, being crafted by Prime Minister Fumio Kishida's administration to cushion the blow from rising fuel and raw material prices.
The government and LDP-led coalition are considering state outlays of more than 20 trillion yen ($140 billion) to fund the package, Kyodo news agency reported on Friday.
The package could grow beyond that, given spending by municipal governments, with a significant portion to be financed by debt issuance, Kyodo said.
https://japantoday.com/category/politics...-executive
"Both quality and size is important," Shindo said of the package, being crafted by Prime Minister Fumio Kishida's administration to cushion the blow from rising fuel and raw material prices.
The government and LDP-led coalition are considering state outlays of more than 20 trillion yen ($140 billion) to fund the package, Kyodo news agency reported on Friday.
The package could grow beyond that, given spending by municipal governments, with a significant portion to be financed by debt issuance, Kyodo said.
https://japantoday.com/category/politics...-executive